Sei Investments Co. lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 9.5% in the first quarter, HoldingsChannel.com reports. The fund owned 503,189 shares of the technology company’s stock after buying an additional 43,447 shares during the period. Sei Investments Co.’s holdings in ACI Worldwide were worth $20,636,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares in the last quarter. Allworth Financial LP grew its holdings in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in ACI Worldwide during the 4th quarter worth approximately $37,000. State of Wyoming bought a new position in ACI Worldwide in the 2nd quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in ACI Worldwide by 122.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ACIW. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, DA Davidson boosted their price objective on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.00.
ACI Worldwide Price Performance
Shares of NASDAQ ACIW opened at $60.18 on Thursday. The company has a market capitalization of $6.12 billion, a PE ratio of 30.24 and a beta of 0.98. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $61.08. The firm has a fifty day simple moving average of $49.42 and a 200 day simple moving average of $44.61.
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that ACI Worldwide, Inc. will post 2.69 EPS for the current year.
ACI Worldwide Profile
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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