ACI Worldwide, Inc. $ACIW Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 981,314 shares of the technology company’s stock after selling 15,251 shares during the period. ACI Worldwide makes up 2.6% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 6th largest position. Rice Hall James & Associates LLC’s holdings in ACI Worldwide were worth $46,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of ACI Worldwide by 39.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock worth $13,168,000 after buying an additional 69,964 shares in the last quarter. Jefferson Bridge Capital LLC bought a new stake in shares of ACI Worldwide during the 4th quarter worth about $1,176,000. Weitz Investment Management Inc. raised its position in shares of ACI Worldwide by 19.9% during the 3rd quarter. Weitz Investment Management Inc. now owns 366,800 shares of the technology company’s stock worth $19,356,000 after buying an additional 60,800 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of ACI Worldwide by 159.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock worth $37,362,000 after buying an additional 480,711 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of ACI Worldwide by 4.0% during the 4th quarter. Congress Asset Management Co. now owns 1,391,125 shares of the technology company’s stock worth $66,510,000 after buying an additional 52,946 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $44.79 on Tuesday. The firm’s 50 day simple moving average is $42.89 and its 200-day simple moving average is $43.35. The company has a market cap of $4.55 billion, a P/E 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. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

ACI Worldwide Company 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.