Legal & General Group Plc Sells 13,756 Shares of ACI Worldwide, Inc. $ACIW

by · The Cerbat Gem

Legal & General Group Plc decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,683 shares of the technology company’s stock after selling 13,756 shares during the quarter. Legal & General Group Plc owned approximately 0.26% of ACI Worldwide worth $12,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after purchasing an additional 4,280,684 shares during the period. Alliancebernstein L.P. increased its position in ACI Worldwide by 4.8% during the third quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock worth $123,277,000 after acquiring an additional 107,993 shares during the period. London Co. of Virginia increased its position in ACI Worldwide by 91.0% during the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after acquiring an additional 825,671 shares during the period. Ameriprise Financial Inc. increased its position in ACI Worldwide by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock worth $77,004,000 after acquiring an additional 105,975 shares during the period. Finally, Millennium Management LLC increased its position in ACI Worldwide by 879.8% during the third quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after acquiring an additional 1,284,419 shares during the period. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Hold” and an average target price of $60.00.

Check Out Our Latest Report on ACI Worldwide

ACI Worldwide Trading Down 2.9%

Shares of ACIW stock opened at $43.71 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $54.28. The firm’s fifty day simple moving average is $42.31 and its 200 day simple moving average is $43.58. The firm has a market capitalization of $4.44 billion, a P/E ratio of 21.96 and a beta of 1.00. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, sell-side analysts predict that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

ACI Worldwide Company Profile

(Free Report)

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.

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