68,806 Shares in ACI Worldwide, Inc. $ACIW Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 68,806 shares of the technology company’s stock, valued at approximately $3,290,000. SG Americas Securities LLC owned 0.07% of ACI Worldwide at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of ACI Worldwide by 79.6% in the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares in the last quarter. Millennium Management LLC increased its position in shares of ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after purchasing an additional 1,284,419 shares in the last quarter. Norges Bank bought a new position in ACI Worldwide during the 2nd quarter valued at about $47,641,000. London Co. of Virginia boosted its position in ACI Worldwide by 91.0% in the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock valued at $91,448,000 after buying an additional 825,671 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in ACI Worldwide by 159.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock worth $37,362,000 after buying an additional 480,711 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

ACI Worldwide Price Performance

Shares of ACIW stock opened at $41.33 on Friday. The firm’s 50 day moving average price is $41.07 and its two-hundred day moving average price is $45.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $55.87. The stock has a market cap of $4.20 billion, a PE ratio of 19.05 and a beta of 1.03.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share 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 company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period last year, the company earned $1.08 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

ACIW has been the subject of several recent analyst reports. Zacks Research lowered shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

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.