Capital Performance Advisors LLP Buys New Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Capital Performance Advisors LLP bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,325 shares of the technology company’s stock, valued at approximately $118,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after buying an additional 196,099 shares during the last quarter. Hood River Capital Management LLC grew its position in ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after purchasing an additional 743,595 shares during the last quarter. Reinhart Partners LLC. grew its position in ACI Worldwide by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after purchasing an additional 18,229 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in ACI Worldwide by 9.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after purchasing an additional 180,600 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in ACI Worldwide by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock worth $37,608,000 after purchasing an additional 56,113 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Down 2.0 %

Shares of NASDAQ ACIW opened at $58.01 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. ACI Worldwide, Inc. has a 52 week low of $24.76 and a 52 week high of $59.60. The firm has a 50-day moving average price of $50.31 and a 200 day moving average price of $43.40. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 34.33 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.52 by $0.37. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The firm had revenue of $451.75 million during the quarter, compared to analysts’ expectations of $404.80 million. Equities research analysts anticipate that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of several research reports. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $60.00 in a research report on Friday. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group raised their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

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.