North Star Asset Management Inc. Cuts Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

North Star Asset Management Inc. lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 765,840 shares of the technology company’s stock after selling 17,103 shares during the quarter. ACI Worldwide accounts for about 1.4% of North Star Asset Management Inc.’s portfolio, making the stock its 18th largest position. North Star Asset Management Inc. owned 0.73% of ACI Worldwide worth $30,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ACIW. Natixis Advisors L.P. increased its position in shares of ACI Worldwide by 31.5% during the fourth quarter. Natixis Advisors L.P. now owns 23,626 shares of the technology company’s stock worth $722,000 after acquiring an additional 5,658 shares during the period. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 29,673 shares during the period. NBC Securities Inc. increased its position in shares of ACI Worldwide by 1.8% during the fourth quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock worth $731,000 after acquiring an additional 412 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 57,538 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of ACI Worldwide by 39.8% during the fourth quarter. Principal Financial Group Inc. now owns 601,632 shares of the technology company’s stock worth $18,410,000 after acquiring an additional 171,258 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $47.82 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $50.52. The company has a market capitalization of $5.00 billion, a PE ratio of 35.69 and a beta of 1.19. The company has a fifty day moving average of $44.60 and a two-hundred day moving average of $37.62.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share (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 company had revenue of $373.48 million during the quarter, compared to the consensus estimate of $349.95 million. As a group, analysts expect that ACI Worldwide, Inc. will post 1.95 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Canaccord Genuity Group upped their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, DA Davidson increased their target price on ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five 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 $47.50.

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.