North Star Asset Management Inc. Lowers Holdings in ACI Worldwide, Inc. $ACIW

North Star Asset Management Inc. trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 626,110 shares of the technology company’s stock after selling 18,359 shares during the period. ACI Worldwide comprises about 1.2% of North Star Asset Management Inc.’s investment portfolio, making the stock its 25th biggest position. North Star Asset Management Inc. owned about 0.61% of ACI Worldwide worth $29,934,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Franklin Resources Inc. lifted its position 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 acquiring an additional 4,280,684 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of ACI Worldwide by 4.8% in the third 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 lifted its position in shares of ACI Worldwide by 91.0% in the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock valued at $91,448,000 after acquiring an additional 825,671 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of ACI Worldwide by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock valued at $77,004,000 after acquiring an additional 105,975 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of ACI Worldwide by 879.8% in the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after acquiring an additional 1,284,419 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director owned 64,378 shares of the company’s stock, valued at approximately $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Juan Benitez II bought 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the transaction, 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 disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $42.72 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.34 billion, a P/E ratio of 21.47 and a beta of 1.01. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28. The business’s 50-day moving average is $41.90 and its 200 day moving average is $43.83.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, equities research analysts forecast that ACI Worldwide, Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ACIW. Weiss Ratings downgraded ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $60.00.

About ACI Worldwide

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.