Northwestern Mutual Investment Management Company LLC lowered its position in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,134 shares of the company’s stock after selling 409 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in ACI Worldwide were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACIW. Palisade Capital Management LLC NJ boosted its position in shares of ACI Worldwide by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 758,928 shares of the company’s stock worth $15,778,000 after buying an additional 72,720 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of ACI Worldwide by 7.2% in the first quarter. TimesSquare Capital Management LLC now owns 2,014,250 shares of the company’s stock worth $41,876,000 after buying an additional 135,250 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of ACI Worldwide during the first quarter worth approximately $968,000. JPMorgan Chase & Co. boosted its position in shares of ACI Worldwide by 16.1% in the first quarter. JPMorgan Chase & Co. now owns 220,307 shares of the company’s stock worth $4,580,000 after buying an additional 30,475 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of ACI Worldwide by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,388,903 shares of the company’s stock worth $70,455,000 after buying an additional 30,654 shares during the period. Institutional investors own 97.83% of the company’s stock.

ACI Worldwide Inc. (NASDAQ:ACIW) opened at 18.51 on Thursday. ACI Worldwide Inc. has a 52 week low of $15.07 and a 52 week high of $24.61. The stock has a 50 day moving average price of $18.65 and a 200 day moving average price of $19.71. The stock has a market cap of $2.17 billion, a PE ratio of 16.86 and a beta of 1.38.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.06. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $221.17 million. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The business’s revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. On average, equities analysts predict that ACI Worldwide Inc. will post $0.54 earnings per share for the current year.

A number of brokerages recently commented on ACIW. Monness Crespi & Hardt began coverage on ACI Worldwide in a report on Wednesday, June 15th. They set a “buy” rating and a $26.00 target price for the company. TheStreet cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.75.

ACI Worldwide Company Profile

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

5 Day Chart for NASDAQ:ACIW

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