North Star Asset Management Inc. Sells 8,020 Shares of ACI Worldwide, Inc. $ACIW

North Star Asset Management Inc. reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 659,856 shares of the technology company’s stock after selling 8,020 shares during the period. ACI Worldwide comprises about 1.3% of North Star Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. North Star Asset Management Inc.’s holdings in ACI Worldwide were worth $30,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. N.E.W. Advisory Services LLC bought a new stake in shares of ACI Worldwide during the 1st quarter valued at $25,000. Steward Partners Investment Advisory LLC lifted its position in ACI Worldwide by 106.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in ACI Worldwide during the second quarter valued at about $32,000. Advisors Asset Management Inc. grew its holdings in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after purchasing an additional 298 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in ACI Worldwide in the first quarter worth about $44,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of ACI Worldwide in a research note on Wednesday, November 19th. Finally, DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $46.75 on Tuesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 19.73 and a beta of 1.09. The firm has a fifty day moving average price of $49.77 and a 200 day moving average price of $47.64. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48.

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

ACI Worldwide 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.