Geode Capital Management LLC Sells 34,886 Shares of ACI Worldwide, Inc. $ACIW

Geode Capital Management LLC trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,091,797 shares of the technology company’s stock after selling 34,886 shares during the quarter. Geode Capital Management LLC owned approximately 2.95% of ACI Worldwide worth $141,959,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of ACI Worldwide by 132.9% during the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock valued at $85,986,000 after purchasing an additional 896,564 shares in the last quarter. Nuveen LLC purchased a new stake in shares of ACI Worldwide in the 1st quarter worth about $25,267,000. MetLife Investment Management LLC increased its stake in shares of ACI Worldwide by 437.1% in the 1st quarter. MetLife Investment Management LLC now owns 340,359 shares of the technology company’s stock worth $18,621,000 after acquiring an additional 276,985 shares in the last quarter. Voya Investment Management LLC lifted its position in ACI Worldwide by 35.0% during the 1st quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company’s stock valued at $53,186,000 after acquiring an additional 252,113 shares during the period. Finally, American Century Companies Inc. boosted its stake in ACI Worldwide by 24.5% during the first quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company’s stock worth $68,481,000 after acquiring an additional 246,228 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

ACIW has been the subject of a number of analyst reports. Weiss Ratings raised shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, November 13th. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Stock Down 0.1%

ACIW stock opened at $46.26 on Wednesday. The stock has a market capitalization of $4.77 billion, a P/E ratio of 19.52 and a beta of 1.09. 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, Inc. has a 1-year low of $40.45 and a 1-year high of $59.71. The business has a fifty day moving average price of $50.07 and a 200-day moving average price of $47.83.

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

Insider Buying and Selling at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares in the company, valued at $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale 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 insiders.

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.