Segall Bryant & Hamill LLC Decreases Stock Holdings in ACI Worldwide, Inc. $ACIW

Segall Bryant & Hamill LLC reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 8.8% in the first quarter, Holdings Channel reports. The fund owned 396,019 shares of the technology company’s stock after selling 38,383 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ACI Worldwide were worth $16,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Essential Partners LLC lifted its position in ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in ACI Worldwide during the fourth quarter valued at $37,000. Finally, State of Wyoming purchased a new position in shares of ACI Worldwide in the 2nd quarter worth $37,000. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACIW has been the topic of a number of research reports. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson lifted their price target on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen raised ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.00.

ACI Worldwide Stock Down 0.6%

Shares of ACIW opened at $57.33 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $50.02 and a 200 day moving average of $44.78. The company has a market cap of $5.83 billion, a PE ratio of 28.81 and a beta of 0.98. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $61.08.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 2.69 EPS for the current year.

ACI Worldwide 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.