Legal & General Group Plc Sells 13,756 Shares of ACI Worldwide, Inc. $ACIW

Legal & General Group Plc lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 271,683 shares of the technology company’s stock after selling 13,756 shares during the period. Legal & General Group Plc’s holdings in ACI Worldwide were worth $12,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC increased its holdings in ACI Worldwide by 1,145.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 64,078 shares of the technology company’s stock valued at $3,064,000 after buying an additional 58,931 shares during the period. FourThought Financial Partners LLC increased its holdings in ACI Worldwide by 24.0% in the 4th quarter. FourThought Financial Partners LLC now owns 5,172 shares of the technology company’s stock valued at $247,000 after buying an additional 1,002 shares during the period. Global Retirement Partners LLC increased its holdings in ACI Worldwide by 3.8% in the 4th quarter. Global Retirement Partners LLC now owns 8,353 shares of the technology company’s stock valued at $399,000 after buying an additional 309 shares during the period. ProShare Advisors LLC boosted its stake in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after purchasing an additional 268 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of ACI Worldwide by 99.8% in the 4th quarter. TD Private Client Wealth LLC now owns 3,549 shares of the technology company’s stock valued at $170,000 after purchasing an additional 1,773 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Down 2.9%

Shares of NASDAQ:ACIW opened at $43.71 on Wednesday. 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’s fifty day moving average is $42.31 and its 200-day moving average is $43.58. The company has a market capitalization of $4.44 billion, a PE ratio of 21.96 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Equities research analysts predict that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ACIW shares. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Finally, DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.00.

ACI Worldwide Company 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.