ACI Worldwide, Inc. $ACIW Stake Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 168.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,958 shares of the technology company’s stock after purchasing an additional 153,551 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in ACI Worldwide were worth $11,246,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Global Alpha Capital Management Ltd. raised its stake in ACI Worldwide by 4.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 939,769 shares of the technology company’s stock worth $43,145,000 after acquiring an additional 43,600 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in ACI Worldwide by 6.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,701 shares of the technology company’s stock valued at $262,000 after acquiring an additional 350 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of ACI Worldwide by 95.5% during the second quarter. Los Angeles Capital Management LLC now owns 32,632 shares of the technology company’s stock valued at $1,498,000 after purchasing an additional 15,937 shares during the last quarter. Cetera Trust Company N.A raised its position in shares of ACI Worldwide by 9.9% during the 2nd quarter. Cetera Trust Company N.A now owns 5,310 shares of the technology company’s stock worth $244,000 after purchasing an additional 480 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ACI Worldwide by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 808,237 shares of the technology company’s stock worth $37,106,000 after purchasing an additional 61,349 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACIW has been the subject of a number of analyst reports. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Thursday, July 17th. Zacks Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Up 1.1%

Shares of NASDAQ:ACIW opened at $48.00 on Wednesday. The company has a 50 day moving average of $50.41 and a 200-day moving average of $48.07. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.95 billion, a P/E ratio of 20.25 and a beta of 1.09. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a return on equity of 19.09% and a net margin of 14.76%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. ACI Worldwide has set its FY 2025 guidance at EPS. As a group, analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal 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.