ACI Worldwide, Inc. $ACIW Position Lessened by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 981,314 shares of the technology company’s stock after selling 15,251 shares during the period. ACI Worldwide accounts for approximately 2.6% of Rice Hall James & Associates LLC’s portfolio, making the stock its 6th largest holding. Rice Hall James & Associates LLC owned approximately 0.95% of ACI Worldwide worth $46,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of ACI Worldwide by 51.9% during the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after buying an additional 249 shares during the period. Allworth Financial LP lifted its stake in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of ACI Worldwide by 6.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after purchasing an additional 260 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $44.79 on Tuesday. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 22.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The firm’s fifty day moving average price is $42.89 and its 200 day moving average price is $43.35.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, research analysts forecast that ACI Worldwide, Inc. will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ACIW. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Monday, May 11th. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.