ACI Worldwide, Inc. $ACIW Shares Sold by Swedbank AB

Swedbank AB decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,112 shares of the technology company’s stock after selling 10,334 shares during the period. Swedbank AB owned about 0.46% of ACI Worldwide worth $19,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACIW. Allworth Financial LP grew its stake in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 226.8% in the fourth 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. Eagle Bay Advisors LLC purchased a new position in ACI Worldwide in the fourth quarter valued at about $37,000. State of Wyoming acquired a new stake in ACI Worldwide during the 2nd quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. grew its stake in ACI Worldwide by 73.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after purchasing an additional 370 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of ACIW opened at $56.40 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 28.34 and a beta of 0.98. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $57.04. The stock has a 50 day moving average of $45.50 and a 200-day moving average of $43.70.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. As a group, analysts forecast that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACIW. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Two equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Company 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.