Rice Hall James & Associates LLC Trims Stake in ACI Worldwide Inc (ACIW)

Rice Hall James & Associates LLC reduced its position in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,287 shares of the technology company’s stock after selling 12,287 shares during the period. Rice Hall James & Associates LLC owned about 0.50% of ACI Worldwide worth $16,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in ACI Worldwide by 21.7% during the 1st quarter. Stifel Financial Corp now owns 32,484 shares of the technology company’s stock worth $770,000 after acquiring an additional 5,800 shares during the last quarter. Millennium Management LLC grew its holdings in ACI Worldwide by 445.6% during the 1st quarter. Millennium Management LLC now owns 186,487 shares of the technology company’s stock worth $4,423,000 after acquiring an additional 152,307 shares during the last quarter. Legal & General Group Plc grew its holdings in ACI Worldwide by 9.2% during the 1st quarter. Legal & General Group Plc now owns 114,377 shares of the technology company’s stock worth $2,713,000 after acquiring an additional 9,630 shares during the last quarter. Atlantic Trust Group LLC grew its holdings in ACI Worldwide by 13.9% during the 1st quarter. Atlantic Trust Group LLC now owns 21,370 shares of the technology company’s stock worth $507,000 after acquiring an additional 2,603 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in ACI Worldwide by 70.0% during the 1st quarter. Royal Bank of Canada now owns 87,341 shares of the technology company’s stock worth $2,072,000 after acquiring an additional 35,957 shares during the last quarter.

NASDAQ ACIW opened at $25.33 on Friday. ACI Worldwide Inc has a 12 month low of $20.23 and a 12 month high of $28.98. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.50 and a current ratio of 1.50.



ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, August 2nd. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.03). ACI Worldwide had a net margin of 0.26% and a return on equity of 6.30%. The company had revenue of $235.00 million during the quarter, compared to the consensus estimate of $232.23 million. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that ACI Worldwide Inc will post 0.62 EPS for the current year.

In other news, Director Adalio T. Sanchez sold 8,000 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $26.95, for a total value of $215,600.00. Following the sale, the director now directly owns 41,897 shares of the company’s stock, valued at approximately $1,129,124.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Philip G. Heasley sold 4,100 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $28.00, for a total transaction of $114,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,318,050 shares in the company, valued at $36,905,400. The disclosure for this sale can be found here. Insiders sold 33,767 shares of company stock worth $937,076 over the last quarter. 4.42% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on ACIW. Zacks Investment Research raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. BidaskClub cut shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group boosted their price objective on shares of ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.00.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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