SG Americas Securities LLC Cuts Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

SG Americas Securities LLC lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 90.2% in the third quarter, Holdings Channel reports. The firm owned 7,759 shares of the technology company’s stock after selling 71,814 shares during the period. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB purchased a new position in ACI Worldwide in the 1st quarter worth approximately $3,321,000. GSA Capital Partners LLP purchased a new position in ACI Worldwide in the 1st quarter worth approximately $846,000. CANADA LIFE ASSURANCE Co lifted its stake in ACI Worldwide by 26.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after purchasing an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in ACI Worldwide by 140.3% in the 1st quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after purchasing an additional 36,261 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its stake in ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after purchasing an additional 180,600 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACIW shares. Canaccord Genuity Group raised their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. DA Davidson raised their price target on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average price target of $48.75.

ACI Worldwide Stock Down 1.8 %

ACI Worldwide stock opened at $51.94 on Friday. The firm has a 50 day moving average price of $49.37 and a 200 day moving average price of $41.32. The company has a market capitalization of $5.48 billion, a PE ratio of 38.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $53.29.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. The business had revenue of $373.48 million during the quarter, compared to the consensus estimate of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Research analysts expect that ACI Worldwide, Inc. will post 1.96 earnings per share for the current year.

About ACI Worldwide

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.