ProShare Advisors LLC Has $1.08 Million Stock Holdings in ACI Worldwide, Inc. $ACIW

ProShare Advisors LLC lowered its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,543 shares of the technology company’s stock after selling 1,283 shares during the quarter. ProShare Advisors LLC’s holdings in ACI Worldwide were worth $1,081,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of ACI Worldwide by 242.6% during the first quarter. IFP Advisors Inc now owns 11,272 shares of the technology company’s stock worth $617,000 after buying an additional 7,982 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of ACI Worldwide in the 1st quarter worth approximately $1,199,000. Allianz Asset Management GmbH grew its position in ACI Worldwide by 4.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 224,171 shares of the technology company’s stock worth $10,292,000 after acquiring an additional 8,597 shares during the last quarter. Mackenzie Financial Corp increased its holdings in ACI Worldwide by 66.5% during the 1st quarter. Mackenzie Financial Corp now owns 150,533 shares of the technology company’s stock valued at $8,236,000 after purchasing an additional 60,096 shares in the last quarter. Finally, Citigroup Inc. raised its position in ACI Worldwide by 11.6% in the 1st quarter. Citigroup Inc. now owns 189,293 shares of the technology company’s stock valued at $10,356,000 after purchasing an additional 19,624 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

Shares of ACIW stock opened at $46.97 on Monday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 19.82 and a beta of 1.09. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. 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 50-day moving average price of $50.27 and a 200 day moving average price of $47.94.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $482.36 million for the quarter, compared to the consensus estimate of $465.09 million. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. ACI Worldwide has set its FY 2025 guidance at EPS. Research analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACIW. Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. DA Davidson reiterated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Thursday, October 16th. Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

About ACI Worldwide

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.