Aristotle Capital Boston LLC Sells 79,035 Shares of ACI Worldwide, Inc. $ACIW

Aristotle Capital Boston LLC lessened its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 766,629 shares of the technology company’s stock after selling 79,035 shares during the quarter. ACI Worldwide comprises approximately 2.0% of Aristotle Capital Boston LLC’s holdings, making the stock its 9th biggest holding. Aristotle Capital Boston LLC owned approximately 0.74% of ACI Worldwide worth $36,653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after acquiring an additional 711 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of ACI Worldwide during the 1st quarter valued at $259,000. Empowered Funds LLC lifted its holdings in shares of ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after acquiring an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after acquiring an additional 48,988 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $44.64 on Thursday. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $4.54 billion, a P/E ratio of 22.43 and a beta of 1.00. The company’s fifty day moving average price is $43.04 and its two-hundred day moving average price is $43.32.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping 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 analyst estimates of $410.08 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ACIW shares. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.