SG Americas Securities LLC Sells 29,585 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

SG Americas Securities LLC cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 74.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,274 shares of the technology company’s stock after selling 29,585 shares during the period. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in ACI Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after acquiring an additional 389,424 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of ACI Worldwide by 88.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,025 shares of the technology company’s stock valued at $858,000 after purchasing an additional 17,847 shares during the last quarter. Wellington Management Group LLP raised its holdings in ACI Worldwide by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock valued at $42,984,000 after buying an additional 8,634 shares during the period. Comerica Bank lifted its position in ACI Worldwide by 209.5% in the third quarter. Comerica Bank now owns 150,330 shares of the technology company’s stock worth $3,391,000 after buying an additional 101,752 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in ACI Worldwide by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after buying an additional 444 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ACIW shares. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. Finally, DA Davidson reissued a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

ACI Worldwide Price Performance

Shares of ACIW stock opened at $33.00 on Tuesday. The company has a market capitalization of $3.51 billion, a P/E ratio of 29.73 and a beta of 1.24. The company’s 50-day simple moving average is $31.39 and its two-hundred day simple moving average is $27.97. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $33.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. ACI Worldwide’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

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.