ACI Worldwide, Inc. $ACIW Stock Holdings Decreased by North Reef Capital Management LP

North Reef Capital Management LP lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 29.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,783,851 shares of the technology company’s stock after selling 756,149 shares during the quarter. ACI Worldwide makes up about 4.4% of North Reef Capital Management LP’s investment portfolio, making the stock its 9th largest position. North Reef Capital Management LP’s holdings in ACI Worldwide were worth $94,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. lifted its position in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after purchasing an additional 249 shares in the last quarter. Arizona State Retirement System raised its stake in ACI Worldwide by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 31,028 shares of the technology company’s stock valued at $1,637,000 after purchasing an additional 293 shares during the period. Advisors Asset Management Inc. raised its stake in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after purchasing an additional 298 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in ACI Worldwide by 106.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $39.55 on Tuesday. The firm has a market cap of $4.02 billion, a PE ratio of 18.23 and a beta of 1.07. The stock has a 50 day moving average of $42.24 and a 200 day moving average of $46.64. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $57.49.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The firm had revenue of $481.60 million during the quarter, compared to the consensus estimate of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. On average, research analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of ACI Worldwide stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the acquisition, the director directly owned 64,378 shares in the company, valued at approximately $2,638,210.44. This represents a 4.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Juan Benitez II bought 2,400 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the transaction, the director directly owned 16,881 shares in the company, valued at approximately $707,313.90. This represents a 16.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ACIW. Zacks Research lowered shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of “Hold” and an average target price of $60.00.

About ACI Worldwide

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.