Parnassus Investments CA Acquires Shares of 373,239 ACI Worldwide Inc (ACIW)

Parnassus Investments CA acquired a new position in shares of ACI Worldwide Inc (NASDAQ:ACIW) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 373,239 shares of the technology company’s stock, valued at approximately $9,208,000.

A number of other institutional investors have also recently added to or reduced their stakes in ACIW. Wells Fargo & Company MN boosted its stake in ACI Worldwide by 15.9% in the first quarter. Wells Fargo & Company MN now owns 524,589 shares of the technology company’s stock valued at $12,443,000 after acquiring an additional 72,131 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in ACI Worldwide by 1.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 976,485 shares of the technology company’s stock valued at $23,162,000 after acquiring an additional 12,244 shares in the last quarter. Comerica Bank boosted its stake in ACI Worldwide by 4.6% in the first quarter. Comerica Bank now owns 160,103 shares of the technology company’s stock valued at $3,975,000 after acquiring an additional 7,040 shares in the last quarter. Mackay Shields LLC acquired a new position in ACI Worldwide in the first quarter valued at $757,000. Finally, Trexquant Investment LP acquired a new position in ACI Worldwide in the first quarter valued at $404,000.

Shares of ACIW opened at $27.22 on Tuesday. ACI Worldwide Inc has a fifty-two week low of $20.23 and a fifty-two week high of $28.00. The stock has a market cap of $3.14 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.50.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, August 2nd. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). ACI Worldwide had a return on equity of 6.30% and a net margin of 0.26%. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $232.23 million. During the same quarter last year, the company posted ($0.25) EPS. ACI Worldwide’s quarterly revenue was down 2.3% on a year-over-year basis. sell-side analysts anticipate that ACI Worldwide Inc will post 0.8 EPS for the current year.

Several equities analysts have issued reports on ACIW shares. Zacks Investment Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th. BidaskClub downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. ValuEngine downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Finally, TheStreet downgraded shares of ACI Worldwide from a “b” rating to a “c” rating in a research note on Thursday, May 10th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.50.

In related news, Director Jan Suwinski sold 75,000 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $24.39, for a total value of $1,829,250.00. Following the completion of the sale, the director now owns 166,896 shares in the company, valued at $4,070,593.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Philip G. Heasley sold 4,100 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $28.00, for a total transaction of $114,800.00. Following the completion of the sale, the chief executive officer now owns 1,318,050 shares of the company’s stock, valued at approximately $36,905,400. The disclosure for this sale can be found here. Insiders have sold 184,100 shares of company stock valued at $4,546,400 in the last quarter. Insiders own 4.42% of the company’s stock.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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