ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,102 shares of the technology company’s stock after selling 7,631 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ACI Worldwide were worth $340,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of ACI Worldwide by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after purchasing an additional 1,228,384 shares during the period. Dimensional Fund Advisors LP increased its stake in ACI Worldwide by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock worth $129,134,000 after buying an additional 57,538 shares during the period. Reinhart Partners LLC. lifted its holdings in ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after buying an additional 203,348 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in ACI Worldwide by 10.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,932,228 shares of the technology company’s stock valued at $59,126,000 after buying an additional 181,900 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of ACI Worldwide by 0.5% during the third quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock valued at $42,984,000 after acquiring an additional 8,634 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ACIW shares. Jefferies Financial Group assumed coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price objective for the company. StockNews.com upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. DA Davidson raised their price objective on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. Finally, Craig Hallum lifted their price target on ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $39.59 on Friday. The company has a market cap of $4.17 billion, a PE ratio of 29.54 and a beta of 1.19. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $39.61. The firm has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $32.63. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $316.02 million during the quarter, compared to analyst estimates of $305.25 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 1.9 EPS for the current year.

Insider Buying and Selling at ACI Worldwide

In related news, Director James C. Hale III sold 10,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director now owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director James C. Hale III sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director now directly owns 69,912 shares in the company, valued at approximately $2,483,274.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the transaction, the director now owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.