ACI Worldwide, Inc. $ACIW Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,783 shares of the technology company’s stock after selling 272,486 shares during the period. ACI Worldwide makes up approximately 1.9% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 26th biggest position. Global Alpha Capital Management Ltd. owned approximately 0.64% of ACI Worldwide worth $31,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 372 shares in the last quarter. Allworth Financial LP increased its position 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 worth $28,000 after acquiring an additional 257 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of ACI Worldwide by 51.9% during the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter valued at approximately $37,000. Finally, State of Wyoming acquired a new stake in shares of ACI Worldwide during the second quarter valued at approximately $37,000. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACIW. Wall Street Zen upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Stock Up 1.0%

Shares of ACIW opened at $42.80 on Friday. The company has a market capitalization of $4.35 billion, a P/E ratio of 21.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $54.28. The business’s 50 day simple moving average is $42.51 and its 200-day simple moving average is $43.48.

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, topping 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 firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the previous year, the company posted $0.51 EPS. ACI Worldwide’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that ACI Worldwide, Inc. will post 2.59 EPS 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.