ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,498 shares of the technology company’s stock after selling 426 shares during the period. Shell Asset Management Co.’s holdings in ACI Worldwide were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACIW. Vanguard Group Inc. raised its position in ACI Worldwide by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the period. Dimensional Fund Advisors LP boosted its holdings in ACI Worldwide by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock worth $129,134,000 after acquiring an additional 57,538 shares during the period. Global Alpha Capital Management Ltd. grew its position 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 acquiring an additional 180,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ACI Worldwide by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,263,249 shares of the technology company’s stock worth $38,655,000 after purchasing an additional 29,673 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter worth $37,509,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Up 0.9 %

NASDAQ:ACIW opened at $42.99 on Friday. The company has a market cap of $4.53 billion, a PE ratio of 32.08 and a beta of 1.20. The business’s 50 day moving average is $37.92 and its two-hundred day moving average is $34.10. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $43.59.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The company had revenue of $316.02 million for the quarter, compared to the consensus estimate of $305.25 million. On average, analysts predict that ACI Worldwide, Inc. will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Wednesday, May 1st. StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Friday. Craig Hallum raised their price objective on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, DA Davidson lifted their price objective on ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Insider Activity

In other news, Director James C. Hale III sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total transaction of $183,700.00. Following the sale, the director now directly owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ACI Worldwide news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the transaction, the director now directly owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Hale III sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total transaction of $183,700.00. Following the completion of the transaction, the director now owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.