ACI Worldwide, Inc. $ACIW Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 201,200 shares of the technology company’s stock after selling 2,000 shares during the quarter. Swiss National Bank’s holdings in ACI Worldwide were worth $9,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACIW. Ameritas Advisory Services LLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter valued at $32,000. Cheviot Value Management LLC purchased a new position in ACI Worldwide in the first quarter valued at $44,000. Geneos Wealth Management Inc. raised its stake in ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after buying an additional 370 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after buying an additional 711 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in ACI Worldwide during the 2nd quarter worth about $209,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $46.84 on Friday. The stock has a market cap of $4.83 billion, a P/E ratio of 19.76 and a beta of 1.09. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $58.14. The stock has a 50 day moving average of $49.50 and a two-hundred day moving average of $47.61. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business 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 company posted $0.77 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. ACI Worldwide has set its FY 2025 guidance at EPS. On average, research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

ACI Worldwide 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.