Belpointe Asset Management LLC Sells 2,000 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Belpointe Asset Management LLC reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 36.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,511 shares of the technology company’s stock after selling 2,000 shares during the quarter. Belpointe Asset Management LLC’s holdings in ACI Worldwide were worth $81,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Eagle Bay Advisors LLC grew its holdings in shares of ACI Worldwide by 335.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 3,297 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,540 shares in the last quarter. Assetmark Inc. increased its holdings in ACI Worldwide by 62.1% in the 3rd quarter. Assetmark Inc. now owns 4,622 shares of the technology company’s stock valued at $97,000 after buying an additional 1,771 shares during the period. Point72 Hong Kong Ltd raised its position in shares of ACI Worldwide by 84.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after buying an additional 2,106 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of ACI Worldwide during the 1st quarter worth approximately $146,000. Finally, FourThought Financial LLC boosted its position in shares of ACI Worldwide by 42.0% during the 3rd quarter. FourThought Financial LLC now owns 8,665 shares of the technology company’s stock worth $181,000 after acquiring an additional 2,562 shares in the last quarter. Institutional investors and hedge funds own 97.55% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $24.33 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.36 and a quick ratio of 1.36. ACI Worldwide, Inc. has a one year low of $19.68 and a one year high of $29.56. The business’s 50 day simple moving average is $25.27 and its 200 day simple moving average is $24.49. The stock has a market capitalization of $2.63 billion, a PE ratio of 29.31 and a beta of 1.11.

ACI Worldwide (NASDAQ:ACIW – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.95 EPS for the quarter. ACI Worldwide had a net margin of 6.80% and a return on equity of 10.76%. The company had revenue of $451.81 million for the quarter. As a group, research analysts forecast that ACI Worldwide, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACIW shares. Stephens raised their target price on ACI Worldwide from $27.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. DA Davidson upped their price objective on shares of ACI Worldwide from $29.00 to $34.00 in a research report on Thursday, March 2nd. TheStreet cut ACI Worldwide from a “b-” rating to a “c” rating in a research note on Friday, May 5th. StockNews.com started coverage on ACI Worldwide in a report on Thursday. They set a “hold” rating on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Insider Activity

In other ACI Worldwide news, CTO Ram Kumar Puppala sold 14,070 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $24.28, for a total value of $341,619.60. Following the completion of the sale, the chief technology officer now owns 31,297 shares of the company’s stock, valued at $759,891.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

About ACI Worldwide

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ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.