SG Americas Securities LLC Invests $3.29 Million in ACI Worldwide, Inc. $ACIW

SG Americas Securities LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 68,806 shares of the technology company’s stock, valued at approximately $3,290,000.

Several other hedge funds have also recently bought and sold shares of ACIW. Franklin Resources Inc. boosted its holdings in shares of ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after buying an additional 4,280,684 shares during the period. Alliancebernstein L.P. lifted its position in ACI Worldwide by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock valued at $123,277,000 after acquiring an additional 107,993 shares in the last quarter. London Co. of Virginia boosted its stake in ACI Worldwide by 91.0% in the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after purchasing an additional 825,671 shares during the period. Ameriprise Financial Inc. increased its holdings in ACI Worldwide by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock worth $77,004,000 after purchasing an additional 105,975 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after purchasing an additional 1,284,419 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACIW opened at $41.33 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $55.87. The business has a 50 day moving average of $41.07 and a 200-day moving average of $45.80. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 19.05 and a beta of 1.03.

ACI Worldwide (NASDAQ:ACIW) last posted 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 net margin of 12.88% and a return on equity of 16.44%. The business had revenue of $481.60 million during the quarter, compared to the consensus estimate of $465.20 million. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

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