Intech Investment Management LLC Sells 12,336 Shares of ACI Worldwide, Inc. $ACIW

Intech Investment Management LLC reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,944 shares of the technology company’s stock after selling 12,336 shares during the quarter. Intech Investment Management LLC’s holdings in ACI Worldwide were worth $2,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in ACI Worldwide by 166.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 378,990 shares of the technology company’s stock worth $19,999,000 after buying an additional 236,878 shares during the period. AlphaQuest LLC acquired a new stake in ACI Worldwide in the 3rd quarter valued at approximately $1,427,000. Congress Asset Management Co. lifted its position in shares of ACI Worldwide by 13.1% in the third quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock worth $70,616,000 after purchasing an additional 154,817 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ACI Worldwide by 19.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,014,534 shares of the technology company’s stock worth $53,537,000 after buying an additional 162,427 shares in the last quarter. Finally, Weitz Investment Management Inc. boosted its position in ACI Worldwide by 19.9% during the third quarter. Weitz Investment Management Inc. now owns 366,800 shares of the technology company’s stock valued at $19,356,000 after purchasing an additional 60,800 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

ACI Worldwide Stock Performance

ACIW opened at $41.41 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $57.49. The firm has a market cap of $4.21 billion, a P/E ratio of 19.08 and a beta of 1.07. The business’s fifty day moving average is $43.43 and its 200-day moving average is $47.06.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.