Franklin Resources Inc. Trims Stake in ACI Worldwide, Inc. $ACIW

Franklin Resources Inc. lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,841,200 shares of the technology company’s stock after selling 3,818,185 shares during the quarter. Franklin Resources Inc. owned about 0.06% of ACI Worldwide worth $279,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ACIW. Millennium Management LLC increased its position in shares of ACI Worldwide by 879.8% during the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after buying an additional 1,284,419 shares during the period. Norges Bank purchased a new stake in ACI Worldwide in the fourth quarter worth about $54,735,000. London Co. of Virginia grew its holdings in ACI Worldwide by 91.0% in the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after purchasing an additional 825,671 shares during the period. Assenagon Asset Management S.A. grew its holdings in ACI Worldwide by 159.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 781,468 shares of the technology company’s stock worth $37,362,000 after purchasing an additional 480,711 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in ACI Worldwide by 305.1% in the second quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company’s stock worth $19,915,000 after purchasing an additional 326,699 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Up 0.2%

Shares of NASDAQ ACIW opened at $42.64 on Wednesday. The firm’s 50 day moving average price is $42.60 and its 200-day moving average price is $43.40. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $54.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $4.33 billion, a PE ratio of 21.43 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS 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 firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that ACI Worldwide, Inc. will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.