Prudential Financial Inc. Has $18.52 Million Stake in ACI Worldwide, Inc. $ACIW

Prudential Financial Inc. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,312 shares of the technology company’s stock after selling 3,104 shares during the quarter. Prudential Financial Inc.’s holdings in ACI Worldwide were worth $18,516,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the sale, the chief technology officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

ACI Worldwide Stock Performance

ACIW opened at $46.86 on Thursday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.77 and a beta of 1.09. The business’s 50-day moving average price is $49.67 and its two-hundred day moving average price is $47.64. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $58.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48.

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