Global Alpha Capital Management Ltd. Sells 272,486 Shares of ACI Worldwide, Inc. $ACIW

Global Alpha Capital Management Ltd. trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 29.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 662,783 shares of the technology company’s stock after selling 272,486 shares during the quarter. ACI Worldwide accounts for 1.9% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 26th largest position. Global Alpha Capital Management Ltd.’s holdings in ACI Worldwide were worth $31,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACIW. Farther Finance Advisors LLC raised its holdings in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP raised its holdings in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the period. Bessemer Group Inc. raised its holdings in shares of ACI Worldwide by 51.9% during 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 during the period. Eagle Bay Advisors LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter worth $37,000. Finally, State of Wyoming acquired a new stake in shares of ACI Worldwide during the second quarter worth $37,000. 94.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ACIW shares. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Up 1.0%

ACIW stock opened at $42.80 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The company’s 50-day simple moving average is $42.51 and its 200 day simple moving average is $43.48. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $54.28. The company has a market capitalization of $4.35 billion, a PE ratio of 21.51 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter last year, the business earned $0.51 earnings per share. ACI Worldwide’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2.59 earnings per share for the current year.

ACI Worldwide Company 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.