ACI Worldwide, Inc. $ACIW Shares Sold by London Co. of Virginia

London Co. of Virginia lowered its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,837 shares of the technology company’s stock after selling 331,104 shares during the quarter. London Co. of Virginia owned approximately 1.36% of ACI Worldwide worth $67,022,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACIW. Farther Finance Advisors LLC increased its holdings 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 valued at $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 257 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of ACI Worldwide in the fourth quarter valued at approximately $37,000. State of Wyoming acquired a new stake in shares of ACI Worldwide in the second quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of ACI Worldwide by 122.1% in the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Wall Street Zen raised ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Trading Up 1.6%

Shares of ACI Worldwide stock opened at $45.50 on Wednesday. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 22.86 and a beta of 1.00. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28. 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 $42.97 and a 200 day moving average of $43.34.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, research analysts predict that ACI Worldwide, Inc. will post 2.59 earnings per share for the current year.

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.