SG Americas Securities LLC Has $903,000 Stock Holdings in ACI Worldwide, Inc. $ACIW

SG Americas Securities LLC trimmed its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 68.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,012 shares of the technology company’s stock after selling 46,794 shares during the period. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after buying an additional 249 shares during the period. Allworth Financial LP boosted its holdings 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 worth $28,000 after buying an additional 257 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of ACI Worldwide by 6.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after acquiring an additional 260 shares in the last quarter. ProShare Advisors LLC increased its position in shares of ACI Worldwide by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after acquiring an additional 268 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of ACI Worldwide by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company’s stock valued at $1,126,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $54.88 on Monday. 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 $5.58 billion, a price-to-earnings ratio of 27.58 and a beta of 0.98. The company has a 50 day simple moving average of $44.48 and a 200-day simple moving average of $43.48. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $54.95.

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

Analyst Upgrades and Downgrades

ACIW has been the subject of several research analyst reports. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.