ACI Worldwide, Inc. $ACIW Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 143,743 shares of the technology company’s stock after selling 3,789 shares during the quarter. Penserra Capital Management LLC’s holdings in ACI Worldwide were worth $6,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new stake in shares of ACI Worldwide in the first quarter valued at about $25,000. Ameritas Advisory Services LLC purchased a new position in shares of ACI Worldwide during the second quarter worth about $32,000. Cheviot Value Management LLC acquired a new position in ACI Worldwide in the 1st quarter valued at about $44,000. Geneos Wealth Management Inc. raised its stake in ACI Worldwide by 73.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after acquiring an additional 370 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after acquiring an additional 711 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ACIW shares. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Thursday, July 17th. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $48.96 on Friday. The firm’s fifty day simple moving average is $50.47 and its 200-day simple moving average is $48.16. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The stock has a market cap of $5.05 billion, a PE ratio of 20.66 and a beta of 1.09. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $59.71.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The firm had revenue of $482.36 million for the quarter, compared to the consensus estimate of $465.09 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. ACI Worldwide has set its FY 2025 guidance at EPS. Analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.