Swedbank AB Boosts Holdings in ACI Worldwide, Inc. $ACIW

Swedbank AB boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 18.4% in the third quarter, Holdings Channel.com reports. The fund owned 474,446 shares of the technology company’s stock after buying an additional 73,800 shares during the quarter. Swedbank AB’s holdings in ACI Worldwide were worth $25,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its position in shares of ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after purchasing an additional 323 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. grew its stake in ACI Worldwide by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. State of Wyoming acquired a new position in ACI Worldwide during the second quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. lifted its stake in ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after buying an additional 370 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ACIW shares. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a research report on Monday. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $48.73 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50 day simple moving average of $47.75 and a 200-day simple moving average of $47.67. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $58.14. The stock has a market capitalization of $5.02 billion, a PE ratio of 19.65 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. ACI Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. Equities analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current 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.