SG Americas Securities LLC Sells 45,001 Shares of ACI Worldwide, Inc. $ACIW

SG Americas Securities LLC reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 87.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,528 shares of the technology company’s stock after selling 45,001 shares during the quarter. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of ACI Worldwide by 0.7% in the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock worth $110,930,000 after buying an additional 14,278 shares in the last quarter. Alliancebernstein L.P. lifted its stake in ACI Worldwide by 7.0% in the 1st quarter. Alliancebernstein L.P. now owns 1,917,346 shares of the technology company’s stock worth $104,898,000 after purchasing an additional 126,169 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of ACI Worldwide by 132.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock valued at $85,986,000 after purchasing an additional 896,564 shares during the last quarter. American Century Companies Inc. grew its position in shares of ACI Worldwide by 24.5% during the first quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company’s stock valued at $68,481,000 after purchasing an additional 246,228 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of ACI Worldwide by 35.0% in the first quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company’s stock worth $53,186,000 after purchasing an additional 252,113 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $46.84 on Friday. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 19.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a 50 day moving average price of $49.50 and a 200-day moving average price of $47.61. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.ACI Worldwide’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. ACI Worldwide has set its FY 2025 guidance at EPS. Equities analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of ACI Worldwide in a research note on Tuesday. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Finally, Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction dated 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. The trade was a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Company Profile

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.