ACI Worldwide, Inc. $ACIW Stock Position Lessened by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 845,664 shares of the technology company’s stock after selling 13,910 shares during the period. ACI Worldwide makes up about 2.3% of Aristotle Capital Boston LLC’s holdings, making the stock its 2nd largest holding. Aristotle Capital Boston LLC’s holdings in ACI Worldwide were worth $44,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 97,206 shares during the period. NewEdge Advisors LLC boosted its stake in ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP bought a new position in ACI Worldwide in the 1st quarter worth about $259,000. Empowered Funds LLC grew its holdings in ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after buying an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after buying an additional 48,988 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ACIW shares. Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Zacks Research cut shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.00.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez purchased 3,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the transaction, the director owned 64,378 shares in the company, valued at $2,638,210.44. The trade was a 4.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Juan Benitez II acquired 2,400 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the acquisition, the director directly owned 16,881 shares of the company’s stock, valued at $707,313.90. This represents a 16.57% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Trading Down 1.6%

Shares of ACIW stock opened at $39.77 on Friday. The company has a market capitalization of $4.05 billion, a PE ratio of 18.33 and a beta of 1.07. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $57.49. The business’s fifty day moving average is $42.37 and its 200 day moving average is $46.72. 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 (NASDAQ:ACIW) last posted its earnings results on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The business had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.ACI Worldwide’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

ACI Worldwide 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.