Nordea Investment Management AB Sells 30,055 Shares of ACI Worldwide, Inc. $ACIW

Nordea Investment Management AB lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 11.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 225,765 shares of the technology company’s stock after selling 30,055 shares during the quarter. Nordea Investment Management AB’s holdings in ACI Worldwide were worth $10,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ACIW. Park Avenue Securities LLC raised its holdings in ACI Worldwide by 5.6% in the 4th quarter. Park Avenue Securities LLC now owns 16,884 shares of the technology company’s stock valued at $807,000 after acquiring an additional 891 shares during the period. Kopion Asset Management LLC boosted its holdings in shares of ACI Worldwide by 9.3% during the fourth quarter. Kopion Asset Management LLC now owns 138,133 shares of the technology company’s stock worth $6,604,000 after acquiring an additional 11,696 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ACI Worldwide by 17.3% during the fourth quarter. GAMMA Investing LLC now owns 2,287 shares of the technology company’s stock worth $109,000 after acquiring an additional 337 shares during the period. JPMorgan Chase & Co. grew its position in shares of ACI Worldwide by 39.0% in the third quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock valued at $13,168,000 after purchasing an additional 69,964 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of several research reports. Zacks Research cut ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $40.98 per share, for a total transaction of $122,940.00. Following the completion of the transaction, the director directly owned 64,378 shares in the company, valued at approximately $2,638,210.44. The trade was a 4.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Juan Benitez II bought 2,400 shares of the stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the purchase, the director owned 16,881 shares of the company’s stock, valued at approximately $707,313.90. This represents a 16.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Stock Up 0.5%

Shares of ACIW opened at $40.04 on Thursday. The firm has a 50 day simple moving average of $41.35 and a two-hundred day simple moving average of $46.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $57.49. The company has a market cap of $4.07 billion, a P/E ratio of 18.45 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The business had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period in the prior year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

About ACI Worldwide

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.