ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,372,436 shares of the technology company’s stock after selling 108,146 shares during the period. ACI Worldwide makes up approximately 1.4% of River Road Asset Management LLC’s holdings, making the stock its 19th largest holding. River Road Asset Management LLC’s holdings in ACI Worldwide were worth $103,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC increased its holdings in shares of ACI Worldwide by 456.9% in the 1st quarter. Fred Alger Management LLC now owns 2,094,892 shares of the technology company’s stock valued at $56,520,000 after acquiring an additional 1,718,703 shares during the last quarter. Norges Bank bought a new position in ACI Worldwide during the 4th quarter worth $28,083,000. Morgan Stanley grew its stake in ACI Worldwide by 85.5% during the 4th quarter. Morgan Stanley now owns 2,246,479 shares of the technology company’s stock worth $51,669,000 after buying an additional 1,035,332 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in ACI Worldwide by 1,265.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 758,064 shares of the technology company’s stock worth $17,102,000 after buying an additional 702,546 shares during the last quarter. Finally, North Reef Capital Management LP grew its stake in ACI Worldwide by 26.3% during the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after buying an additional 592,735 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACIW stock traded up $0.09 during trading on Wednesday, reaching $31.49. 519,204 shares of the company’s stock were exchanged, compared to its average volume of 570,875. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $33.83. The company’s fifty day moving average price is $31.72 and its 200-day moving average price is $28.39. The firm has a market cap of $3.35 billion, a PE ratio of 28.29 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, research analysts expect that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group assumed coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price objective for the company. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and a consensus target price of $39.00.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.