ACI Worldwide, Inc. $ACIW Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 84.4% during the first quarter, Holdings Channel reports. The firm owned 10,630 shares of the technology company’s stock after selling 57,625 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ACI Worldwide were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ACIW. Northwestern Mutual Wealth Management Co. grew its holdings in ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after purchasing an additional 249 shares during the last quarter. Allworth Financial LP raised its stake in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after buying an additional 260 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after buying an additional 268 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of ACI Worldwide by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company’s stock worth $1,126,000 after buying an additional 274 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Down 2.3%

Shares of ACIW stock opened at $55.11 on Wednesday. The firm has a 50-day moving average price of $46.24 and a 200 day moving average price of $43.84. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $57.60. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 27.69 and a beta of 0.98. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $410.08 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACIW shares. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Wall Street Zen cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.