Oppenheimer Asset Management Inc. Buys New Shares in ACI Worldwide, Inc. $ACIW

Oppenheimer Asset Management Inc. bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, Holdings Channel.com reports. The fund bought 18,225 shares of the technology company’s stock, valued at approximately $917,000.

A number of other institutional investors have also bought and sold shares of ACIW. Farther Finance Advisors LLC raised its holdings in ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP lifted its position in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares in the last quarter. Essential Partners LLC boosted its stake in shares of ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after acquiring an additional 327 shares during the period. State of Wyoming purchased a new stake in shares of ACI Worldwide during the second quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in ACI Worldwide by 122.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $53.44 on Monday. The firm has a market cap of $5.40 billion, a PE ratio of 24.51 and a beta of 0.97. The stock has a 50 day moving average of $52.36 and a 200 day moving average of $45.52. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08.

Wall Street Analyst Weigh In

ACIW has been the subject of several recent analyst reports. Zacks Research upgraded 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, August 8th. Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, DA Davidson set a $66.00 price target on shares of ACI Worldwide and gave the company a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

ACI Worldwide Company Profile

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.