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

Swedbank AB lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.2% in the first 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 quarter. Swedbank AB’s holdings in ACI Worldwide were worth $19,033,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of ACI Worldwide by 226.8% in the 4th 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. Eagle Bay Advisors LLC bought a new stake in ACI Worldwide in the 4th quarter valued at about $37,000. State of Wyoming acquired a new position in ACI Worldwide during the 2nd quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. boosted 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 during the period. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $56.40 on Friday. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $57.04. 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 company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 28.34 and a beta of 0.98. The firm has a 50-day moving average of $45.50 and a two-hundred day moving average of $43.70.

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

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.