Hsbc Holdings PLC Sells 175,993 Shares of ACI Worldwide, Inc. $ACIW

Hsbc Holdings PLC lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 83.8% in the first quarter, HoldingsChannel.com reports. The firm owned 34,123 shares of the technology company’s stock after selling 175,993 shares during the quarter. Hsbc Holdings PLC’s holdings in ACI Worldwide were worth $1,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jefferson Bridge Capital LLC purchased a new stake in ACI Worldwide during the 4th quarter valued at $1,176,000. Hillsdale Investment Management Inc. grew its holdings in ACI Worldwide by 27.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 166,400 shares of the technology company’s stock worth $7,956,000 after acquiring an additional 35,700 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of ACI Worldwide during the fourth quarter valued at about $3,290,000. UBS Group AG boosted its holdings in shares of ACI Worldwide by 30.8% during the fourth quarter. UBS Group AG now owns 299,135 shares of the technology company’s stock worth $14,302,000 after purchasing an additional 70,401 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of ACI Worldwide by 10.5% in the fourth quarter. Reinhart Partners LLC. now owns 1,131,409 shares of the technology company’s stock worth $54,093,000 after purchasing an additional 107,471 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. DA Davidson lifted their price target on shares of ACI Worldwide from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of “Hold” and a consensus target price of $64.00.

ACI Worldwide Stock Up 2.8%

Shares of NASDAQ:ACIW opened at $57.88 on Tuesday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 29.09 and a beta of 0.98. 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 stock has a 50 day moving average price of $48.73 and a 200-day moving average price of $44.42. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $60.17.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that ACI Worldwide, Inc. will post 2.69 EPS for the current fiscal year.

About ACI Worldwide

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.