Rhumbline Advisers Sells 12,293 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Rhumbline Advisers lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,188 shares of the technology company’s stock after selling 12,293 shares during the period. Rhumbline Advisers owned about 0.31% of ACI Worldwide worth $12,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ACIW. Vanguard Group Inc. boosted its holdings in shares of ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after buying an additional 196,099 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ACI Worldwide by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock worth $129,134,000 after purchasing an additional 57,538 shares during the period. Reinhart Partners LLC. increased its position in ACI Worldwide by 0.8% during the second quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after buying an additional 18,229 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in ACI Worldwide by 9.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after buying an additional 180,600 shares during the period. Finally, Hood River Capital Management LLC raised its stake in ACI Worldwide by 9.7% in the first quarter. Hood River Capital Management LLC now owns 1,656,745 shares of the technology company’s stock valued at $55,021,000 after buying an additional 147,049 shares during the period. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the topic of a number of recent analyst reports. DA Davidson boosted their target price on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 5th. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group increased their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $47.06 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 35.12 and a beta of 1.19. The stock’s fifty day moving average price is $44.93 and its two-hundred day moving average price is $37.95. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $50.52.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.15 by $0.24. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The business had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. On average, equities analysts forecast that ACI Worldwide, Inc. will post 1.95 EPS for the current year.

ACI Worldwide 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.