Rice Hall James & Associates LLC Sells 216,276 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Rice Hall James & Associates LLC reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 16.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,071,994 shares of the technology company's stock after selling 216,276 shares during the quarter. ACI Worldwide comprises about 3.0% of Rice Hall James & Associates LLC's portfolio, making the stock its 3rd biggest position. Rice Hall James & Associates LLC owned 1.02% of ACI Worldwide worth $54,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACIW. Fifth Third Bancorp increased its holdings in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after buying an additional 624 shares during the period. GAMMA Investing LLC raised its position in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after acquiring an additional 431 shares in the last quarter. CWM LLC raised its position in shares of ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after acquiring an additional 1,143 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of ACI Worldwide during the 3rd quarter worth $112,000. Finally, USA Financial Formulas bought a new stake in ACI Worldwide during the third quarter valued at about $114,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

NASDAQ:ACIW traded up $0.29 during trading hours on Friday, reaching $49.49. 440,782 shares of the company were exchanged, compared to its average volume of 644,905. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.18 billion, a PE ratio of 29.28 and a beta of 1.19. ACI Worldwide, Inc. has a twelve month low of $20.62 and a twelve month high of $53.29. The stock's 50-day moving average is $49.80 and its 200-day moving average is $42.61.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.24. The firm had revenue of $373.48 million during the quarter, compared to the consensus estimate of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Canaccord Genuity Group increased their target price 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. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. DA Davidson increased their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.75.

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.