Intech Investment Management LLC Sells 12,336 Shares of ACI Worldwide, Inc. $ACIW

Intech Investment Management LLC lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,944 shares of the technology company’s stock after selling 12,336 shares during the period. Intech Investment Management LLC’s holdings in ACI Worldwide were worth $2,424,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in ACIW. Steward Partners Investment Advisory LLC increased its position in shares of ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after buying an additional 323 shares during the period. Bessemer Group Inc. boosted its holdings in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of ACI Worldwide by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. State of Wyoming bought a new position in shares of ACI Worldwide in the second quarter valued at $37,000. Finally, Salomon & Ludwin LLC acquired a new position in ACI Worldwide during the 3rd quarter valued at about $39,000. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Stock Up 2.6%

ACIW stock opened at $41.41 on Wednesday. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a fifty day moving average of $43.43 and a 200-day moving average of $47.06. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The business had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

ACI Worldwide Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.