FourThought Financial Partners LLC Has $281,000 Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

FourThought Financial Partners LLC trimmed its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,182 shares of the technology company’s stock after selling 529 shares during the quarter. FourThought Financial Partners LLC’s holdings in ACI Worldwide were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ACI Worldwide by 15.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,701 shares of the technology company’s stock valued at $444,000 after purchasing an additional 2,598 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of ACI Worldwide by 23.5% in the 3rd quarter. Mackenzie Financial Corp now owns 56,417 shares of the technology company’s stock worth $1,170,000 after acquiring an additional 10,721 shares during the last quarter. Strs Ohio raised its holdings in ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. North Star Asset Management Inc. raised its holdings in ACI Worldwide by 0.3% in the 3rd quarter. North Star Asset Management Inc. now owns 813,053 shares of the technology company’s stock worth $18,342,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of ACI Worldwide by 18.2% in the 3rd quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock worth $276,000 after buying an additional 1,885 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded up $0.57 during trading on Monday, reaching $35.69. The company had a trading volume of 271,929 shares, compared to its average volume of 592,764. The stock has a market capitalization of $3.79 billion, a PE ratio of 26.21 and a beta of 1.20. The stock has a 50-day moving average price of $32.41 and a two-hundred day moving average price of $29.50. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $36.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, sell-side analysts predict that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACIW. Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a report on Friday, March 8th. They set a “buy” rating and a $38.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Wednesday, May 1st. DA Davidson lifted their price objective on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. Finally, StockNews.com raised ACI Worldwide from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACI Worldwide 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.