River Road Asset Management LLC boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 267,605 shares of the technology company’s stock after acquiring an additional 23,832 shares during the quarter. River Road Asset Management LLC’s holdings in ACI Worldwide were worth $12,794,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of ACIW. Millennium Management LLC raised its holdings in shares of ACI Worldwide by 160.4% in the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after buying an additional 97,206 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after buying an additional 711 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of ACI Worldwide during the first quarter valued at $259,000. Empowered Funds LLC increased its position in shares of ACI Worldwide by 64.2% in the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after acquiring an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ACI Worldwide by 13.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after acquiring an additional 48,988 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.
ACI Worldwide Stock Performance
Shares of ACI Worldwide stock opened at $44.09 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a fifty day moving average price of $43.16 and a 200 day moving average price of $43.31. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $54.28. The stock has a market cap of $4.48 billion, a PE ratio of 22.16 and a beta of 1.00.
Wall Street Analysts Forecast Growth
ACIW has been the subject of a number of research reports. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a report on Monday, May 11th. Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.
Get Our Latest Stock Report on ACIW
About ACI Worldwide
ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.
ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.
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