Assenagon Asset Management S.A. Has $16.66 Million Stock Position in ACI Worldwide, Inc. $ACIW

Assenagon Asset Management S.A. cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 48.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 406,227 shares of the technology company’s stock after selling 375,241 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ACI Worldwide were worth $16,659,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ACIW. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in ACI Worldwide by 226.8% during 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 during the period. Eagle Bay Advisors LLC bought a new stake in ACI Worldwide during the 4th quarter valued at approximately $37,000. State of Wyoming acquired a new stake in ACI Worldwide in the 2nd quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. grew its holdings in ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after buying an additional 370 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Up 5.6%

ACIW stock opened at $49.26 on Friday. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $54.28. The company has a market cap of $5.01 billion, a PE ratio of 24.75 and a beta of 1.00. The business’s 50-day simple moving average is $43.65 and its 200 day simple moving average is $43.30. 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 (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ACIW shares. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $60.00.

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.