Russell Investments Group Ltd. Lowers Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Russell Investments Group Ltd. reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,835 shares of the technology company’s stock after selling 19,545 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of ACI Worldwide worth $7,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in ACI Worldwide by 3.1% in the 2nd quarter. BlackRock Inc. now owns 14,569,887 shares of the technology company’s stock valued at $541,127,000 after buying an additional 444,594 shares during the last quarter. Vanguard Group Inc. raised its position in ACI Worldwide by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,055,400 shares of the technology company’s stock valued at $410,597,000 after buying an additional 37,542 shares during the last quarter. Macquarie Group Ltd. raised its position in ACI Worldwide by 2,821.1% in the 2nd quarter. Macquarie Group Ltd. now owns 8,106,980 shares of the technology company’s stock valued at $301,093,000 after buying an additional 7,829,451 shares during the last quarter. Franklin Resources Inc. increased its position in shares of ACI Worldwide by 101.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,426,426 shares of the technology company’s stock valued at $164,397,000 after purchasing an additional 2,224,655 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of ACI Worldwide by 11.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,667,972 shares of the technology company’s stock valued at $81,986,000 after purchasing an additional 283,682 shares during the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Scott W. Behrens sold 37,905 shares of ACI Worldwide stock in a transaction dated Monday, December 6th. The stock was sold at an average price of $31.72, for a total value of $1,202,346.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Ram Kumar Puppala acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 1st. The stock was purchased at an average cost of $28.49 per share, with a total value of $56,980.00. The disclosure for this purchase can be found here. Company insiders own 1.84% of the company’s stock.

Shares of ACI Worldwide stock opened at $34.55 on Friday. ACI Worldwide, Inc. has a 1 year low of $28.39 and a 1 year high of $43.23. The firm has a market cap of $4.06 billion, a PE ratio of 48.66 and a beta of 1.12. The stock has a fifty day moving average price of $33.33 and a 200-day moving average price of $32.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.26 and a quick ratio of 1.26.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). ACI Worldwide had a net margin of 6.62% and a return on equity of 14.03%. The business had revenue of $316.91 million for the quarter, compared to analysts’ expectations of $314.99 million. During the same period in the prior year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.

ACI Worldwide Company Profile

ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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