Rice Hall James & Associates LLC raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,003,356 shares of the technology company’s stock after acquiring an additional 22,042 shares during the quarter. ACI Worldwide makes up about 2.3% of Rice Hall James & Associates LLC’s holdings, making the stock its 5th biggest holding. Rice Hall James & Associates LLC’s holdings in ACI Worldwide were worth $41,148,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACIW. Millennium Management LLC increased its position in shares of ACI Worldwide by 879.8% in the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after purchasing an additional 1,284,419 shares during the last quarter. Norges Bank purchased a new stake in shares of ACI Worldwide during the 4th quarter worth $54,735,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of ACI Worldwide by 90.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after purchasing an additional 861,779 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ACI Worldwide by 13.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock worth $115,364,000 after purchasing an additional 344,358 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of ACI Worldwide by 1,875.6% during the first quarter. Renaissance Technologies LLC now owns 350,333 shares of the technology company’s stock worth $14,367,000 after purchasing an additional 332,600 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.
ACI Worldwide Trading Up 3.3%
Shares of ACI Worldwide stock opened at $56.31 on Friday. The company has a fifty day simple moving average of $48.43 and a 200-day simple moving average of $44.34. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $60.17. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 28.30 and a beta of 0.98.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. 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 research report on Tuesday, June 30th. Wall Street Zen upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday. Finally, DA Davidson raised their target price 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.00.
Get Our Latest Analysis 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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