Fiera Capital Corp Trims Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fiera Capital Corp cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 868,593 shares of the technology company’s stock after selling 28,041 shares during the quarter. Fiera Capital Corp owned about 0.83% of ACI Worldwide worth $44,211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC raised its holdings in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC lifted its position in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares during the period. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide in the 3rd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ACIW. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the company from $57.00 to $60.00 in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Canaccord Genuity Group lifted their price target 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

ACI Worldwide Price Performance

ACIW traded down $1.34 during midday trading on Friday, reaching $57.86. 312,349 shares of the company’s stock were exchanged, compared to its average volume of 647,320. The business’s 50-day moving average price is $50.16 and its 200 day moving average price is $43.23. The stock has a market capitalization of $6.06 billion, a PE ratio of 35.03 and a beta of 1.19. ACI Worldwide, Inc. has a 1-year low of $24.76 and a 1-year high of $59.60. 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 (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.37. The firm had revenue of $451.75 million during the quarter, compared to the consensus estimate of $404.80 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal 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.