Y Intercept Hong Kong Ltd purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,038 shares of the technology company’s stock, valued at approximately $1,287,000.
Several other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of ACI Worldwide by 0.7% during the first quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock valued at $110,930,000 after buying an additional 14,278 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of ACI Worldwide by 7.0% during the first quarter. Alliancebernstein L.P. now owns 1,917,346 shares of the technology company’s stock valued at $104,898,000 after buying an additional 126,169 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of ACI Worldwide by 132.9% during the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock valued at $85,986,000 after buying an additional 896,564 shares during the last quarter. American Century Companies Inc. lifted its position in shares of ACI Worldwide by 24.5% during the first quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company’s stock valued at $68,481,000 after buying an additional 246,228 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of ACI Worldwide by 35.0% during the first quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company’s stock valued at $53,186,000 after buying an additional 252,113 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.
ACI Worldwide Stock Performance
Shares of ACI Worldwide stock opened at $47.63 on Monday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 20.10 and a beta of 1.05. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $50.49 and a 200 day moving average price of $48.21. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $59.71.
Analyst Upgrades and Downgrades
Several analysts have commented on ACIW shares. Zacks Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Thursday, October 16th. Wall Street Zen lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.00.
Check Out Our Latest Research Report on ACIW
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.
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