Alliancebernstein L.P. Reduces Position in ACI Worldwide (ACIW)

Alliancebernstein L.P. lowered its stake in ACI Worldwide (NASDAQ:ACIW) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,978 shares of the technology company’s stock after selling 2,490 shares during the quarter. Alliancebernstein L.P.’s holdings in ACI Worldwide were worth $4,556,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in ACI Worldwide by 2.0% in the fourth quarter. BlackRock Inc. now owns 12,389,989 shares of the technology company’s stock worth $280,880,000 after purchasing an additional 247,194 shares during the last quarter. Cardinal Capital Management LLC CT raised its position in ACI Worldwide by 30.2% in the fourth quarter. Cardinal Capital Management LLC CT now owns 3,527,126 shares of the technology company’s stock worth $79,960,000 after acquiring an additional 818,027 shares during the period. Conestoga Capital Advisors LLC raised its position in ACI Worldwide by 14.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,153,770 shares of the technology company’s stock worth $48,826,000 after acquiring an additional 278,990 shares during the period. Bank of New York Mellon Corp raised its position in ACI Worldwide by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 1,462,825 shares of the technology company’s stock worth $33,323,000 after acquiring an additional 34,226 shares during the period. Finally, Geode Capital Management LLC raised its position in ACI Worldwide by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,043,287 shares of the technology company’s stock worth $23,651,000 after acquiring an additional 6,369 shares during the period.

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Several research analysts have weighed in on the stock. BidaskClub downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research report on Monday, March 12th. Finally, Zacks Investment Research downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.00.

In other news, Director John M. Shay, Jr. sold 63,781 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $24.85, for a total transaction of $1,584,957.85. Following the sale, the director now directly owns 91,896 shares in the company, valued at approximately $2,283,615.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan Suwinski sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $24.09, for a total transaction of $722,700.00. Following the sale, the director now owns 166,896 shares in the company, valued at $4,020,524.64. The disclosure for this sale can be found here. Insiders sold 133,781 shares of company stock worth $3,256,858 over the last quarter. Insiders own 4.20% of the company’s stock.

NASDAQ:ACIW opened at $23.72 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31. ACI Worldwide has a 1-year low of $20.23 and a 1-year high of $26.37. The company has a market capitalization of $2,749.27, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.02 and a beta of 1.18.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.21. ACI Worldwide had a net margin of 0.50% and a return on equity of 12.04%. The business had revenue of $326.40 million for the quarter, compared to the consensus estimate of $322.12 million. During the same period last year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. equities analysts anticipate that ACI Worldwide will post 0.66 EPS for the current year.

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ACI Worldwide Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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