Vanguard Group Inc. Sells 233,525 Shares of ACI Worldwide, Inc. $ACIW

Vanguard Group Inc. cut its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,407,325 shares of the technology company’s stock after selling 233,525 shares during the period. Vanguard Group Inc. owned about 0.13% of ACI Worldwide worth $641,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares in the last quarter. Allworth Financial LP grew its stake in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Bessemer Group Inc. grew its stake in ACI Worldwide by 51.9% during the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after purchasing an additional 214 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in ACI Worldwide during the 4th quarter valued at about $37,000. Finally, State of Wyoming purchased a new stake in ACI Worldwide during the 2nd quarter valued at about $37,000. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at ACI Worldwide

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

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $43.86 on Monday. The stock has a 50 day moving average price of $41.38 and a 200 day moving average price of $44.40. 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 market cap of $4.45 billion, a PE ratio of 20.21 and a beta of 1.01. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $55.45.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The business had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.ACI Worldwide’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Equities research analysts expect that ACI Worldwide, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 18th. Zacks Research downgraded 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ACI Worldwide currently has an average rating of “Hold” and an average price target of $60.00.

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.