Savant Capital LLC Sells 1,380 Shares of ACI Worldwide, Inc. $ACIW

Savant Capital LLC trimmed its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 22.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,649 shares of the technology company’s stock after selling 1,380 shares during the quarter. Savant Capital LLC’s holdings in ACI Worldwide were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACIW. N.E.W. Advisory Services LLC purchased a new position in ACI Worldwide during the 1st quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of ACI Worldwide during the 2nd quarter valued at approximately $32,000. Cheviot Value Management LLC purchased a new position in shares of ACI Worldwide in the first quarter valued at $44,000. Geneos Wealth Management Inc. increased its position in ACI Worldwide by 73.7% in 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 during the last quarter. Finally, NewEdge Advisors LLC raised its stake in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after purchasing an additional 711 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction 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 owned 96,897 shares in the company, valued at $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 available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACIW. Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research report on Thursday, October 16th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, November 13th. Finally, Zacks Research lowered 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Price Performance

ACIW stock opened at $46.32 on Thursday. The stock has a market cap of $4.78 billion, a PE ratio of 19.54 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 50-day moving average price of $49.99 and a 200 day moving average price of $47.82. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62.

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