Geode Capital Management LLC Reduces Stock Position in ACI Worldwide, Inc. $ACIW

Geode Capital Management LLC cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,078,041 shares of the technology company’s stock after selling 25,826 shares during the period. Geode Capital Management LLC’s holdings in ACI Worldwide were worth $147,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in 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 during the period. Allworth Financial LP grew its position in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the period. Bessemer Group Inc. grew its position in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares during the period. Eagle Bay Advisors LLC purchased a new position in ACI Worldwide in the fourth quarter worth approximately $37,000. Finally, State of Wyoming purchased a new position in ACI Worldwide in the second quarter worth approximately $37,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 1.9%

Shares of ACI Worldwide stock opened at $42.36 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50 day moving average of $42.45 and a 200 day moving average of $43.48. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 21.29 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACIW shares. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Finally, Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus 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.