Geode Capital Management LLC Sells 34,886 Shares of ACI Worldwide, Inc. $ACIW

Geode Capital Management LLC reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,091,797 shares of the technology company’s stock after selling 34,886 shares during the quarter. Geode Capital Management LLC’s holdings in ACI Worldwide were worth $141,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in ACI Worldwide during the first quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new position in shares of ACI Worldwide during the 2nd quarter worth $32,000. Cheviot Value Management LLC bought a new stake in shares of ACI Worldwide during the 1st quarter valued at $44,000. Geneos Wealth Management Inc. increased its stake in shares of ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock worth $48,000 after purchasing an additional 370 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ACIW has been the topic of several analyst reports. Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, November 13th. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Thursday, October 16th. Finally, Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $46.26 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71. The business has a 50-day moving average price of $50.07 and a 200-day moving average price of $47.83. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 19.52 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The company had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. ACI Worldwide has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.