Nordea Investment Management AB Sells 30,055 Shares of ACI Worldwide, Inc. $ACIW

Nordea Investment Management AB lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 225,765 shares of the technology company’s stock after selling 30,055 shares during the quarter. Nordea Investment Management AB owned approximately 0.22% of ACI Worldwide worth $10,830,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ACIW. Millennium Management LLC grew its stake in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after acquiring an additional 97,206 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after purchasing an additional 711 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ACI Worldwide in the first quarter worth $259,000. Empowered Funds LLC lifted its position in shares of ACI Worldwide by 64.2% in the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after purchasing an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 48,988 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACIW opened at $40.04 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $41.35 and its 200 day simple moving average is $46.19. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $57.49. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 18.45 and a beta of 1.07.

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 firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same quarter in the prior year, the business earned $1.08 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Zacks Research cut shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.00.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez purchased 3,000 shares of the stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $40.98 per share, with a total value of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Juan Benitez II acquired 2,400 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the purchase, the director directly owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This trade represents a 16.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

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.