London Co. of Virginia Lowers Holdings in ACI Worldwide, Inc. $ACIW

London Co. of Virginia trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,401,837 shares of the technology company’s stock after selling 331,104 shares during the period. London Co. of Virginia’s holdings in ACI Worldwide were worth $67,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACIW. Franklin Resources Inc. boosted its position in shares of ACI Worldwide by 79.6% during the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after buying an additional 4,280,684 shares during the period. Millennium Management LLC boosted its position in shares of ACI Worldwide by 879.8% during the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after buying an additional 1,284,419 shares during the period. Norges Bank purchased a new position in shares of ACI Worldwide during the fourth quarter worth $54,735,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of ACI Worldwide by 90.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after buying an additional 861,779 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of 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 period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ACIW shares. Wall Street Zen upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Finally, Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Trading Up 1.6%

NASDAQ:ACIW opened at $45.50 on Wednesday. The firm has a market cap of $4.63 billion, a PE ratio of 22.86 and a beta of 1.00. The stock has a fifty day moving average price of $42.97 and a 200 day moving average price of $43.34. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million during 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%.ACI Worldwide’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Sell-side analysts anticipate that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

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.