Aristotle Capital Boston LLC Sells 79,035 Shares of ACI Worldwide, Inc. $ACIW

Aristotle Capital Boston LLC lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 766,629 shares of the technology company’s stock after selling 79,035 shares during the period. ACI Worldwide accounts for approximately 2.0% of Aristotle Capital Boston LLC’s holdings, making the stock its 9th biggest holding. Aristotle Capital Boston LLC’s holdings in ACI Worldwide were worth $36,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Balyasny Asset Management L.P. increased its position in shares of ACI Worldwide by 37.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 99,089 shares of the technology company’s stock worth $4,737,000 after purchasing an additional 26,921 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of ACI Worldwide by 12.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 17,535 shares of the technology company’s stock worth $838,000 after purchasing an additional 1,898 shares during the last quarter. Cetera Investment Advisers increased its position in shares of ACI Worldwide by 15.5% in the 4th quarter. Cetera Investment Advisers now owns 9,331 shares of the technology company’s stock worth $446,000 after purchasing an additional 1,250 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of ACI Worldwide by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 94,366 shares of the technology company’s stock worth $4,512,000 after purchasing an additional 3,434 shares during the last quarter. Finally, Jain Global LLC bought a new stake in shares of ACI Worldwide in the 4th quarter worth about $294,000. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $44.64 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28. The firm has a 50-day simple moving average of $43.04 and a 200 day simple moving average of $43.32. The company has a market cap of $4.54 billion, a PE ratio of 22.43 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share 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 business had revenue of $425.75 million during the quarter, compared to the consensus estimate of $410.08 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACIW shares. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, ACI Worldwide presently has a consensus 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.