Vise Technologies Inc. Sells 2,698 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Vise Technologies Inc. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 32.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,549 shares of the technology company’s stock after selling 2,698 shares during the quarter. Vise Technologies Inc.’s holdings in ACI Worldwide were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACIW. Norges Bank purchased a new stake in ACI Worldwide during the fourth quarter valued at about $75,868,000. Congress Asset Management Co. purchased a new position in shares of ACI Worldwide during the 4th quarter valued at about $55,998,000. American Century Companies Inc. lifted its position in ACI Worldwide by 206.2% in the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock worth $52,194,000 after buying an additional 677,143 shares during the last quarter. Geode Capital Management LLC lifted its position in ACI Worldwide by 18.4% in the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company’s stock worth $154,095,000 after buying an additional 459,821 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company’s stock worth $35,027,000 after buying an additional 415,612 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

Insider Buying and Selling at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the sale, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas W. Warsop III purchased 5,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer now owns 326,922 shares in the company, valued at $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson upgraded shares of ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $46.59 on Wednesday. The company has a market capitalization of $4.89 billion, a P/E ratio of 22.08 and a beta of 1.14. ACI Worldwide, Inc. has a fifty-two week low of $33.32 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $51.39 and a two-hundred day moving average price of $52.84.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Analysts expect that ACI Worldwide, Inc. will post 2 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.