Los Angeles Capital Management LLC Has $1.50 Million Stake in ACI Worldwide, Inc. $ACIW

Los Angeles Capital Management LLC lifted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 95.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,632 shares of the technology company’s stock after purchasing an additional 15,937 shares during the period. Los Angeles Capital Management LLC’s holdings in ACI Worldwide were worth $1,498,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ACIW. Brown Advisory Inc. bought a new stake in shares of ACI Worldwide during the first quarter worth $339,000. Cerity Partners LLC lifted its position in ACI Worldwide by 37.3% during the 1st quarter. Cerity Partners LLC now owns 12,194 shares of the technology company’s stock valued at $667,000 after purchasing an additional 3,315 shares during the period. Xponance Inc. boosted its stake in shares of ACI Worldwide by 9.0% in the 1st quarter. Xponance Inc. now owns 8,288 shares of the technology company’s stock valued at $453,000 after purchasing an additional 684 shares during the last quarter. CWM LLC grew its position in shares of ACI Worldwide by 22.5% during the 1st quarter. CWM LLC now owns 4,490 shares of the technology company’s stock worth $246,000 after buying an additional 825 shares during the period. Finally, Hohimer Wealth Management LLC raised its stake in shares of ACI Worldwide by 4.1% during the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company’s stock worth $271,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

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

ACI Worldwide Price Performance

Shares of ACIW opened at $48.00 on Wednesday. The stock has a 50 day simple moving average of $50.41 and a 200 day simple moving average of $48.07. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $4.95 billion, a PE ratio of 20.25 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. ACI Worldwide has set its FY 2025 guidance at EPS. Sell-side analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

ACI Worldwide Company 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.