American Trust bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,542 shares of the technology company's stock, valued at approximately $269,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of ACIW. Mariner LLC boosted its stake in ACI Worldwide by 3.7% during the first quarter. Mariner LLC now owns 10,994 shares of the technology company's stock worth $346,000 after buying an additional 392 shares during the period. Crossmark Global Holdings Inc. boosted its stake in ACI Worldwide by 4.5% during the first quarter. Crossmark Global Holdings Inc. now owns 10,520 shares of the technology company's stock worth $331,000 after buying an additional 450 shares during the period. Hsbc Holdings PLC boosted its stake in ACI Worldwide by 3.5% during the first quarter. Hsbc Holdings PLC now owns 13,574 shares of the technology company's stock worth $435,000 after buying an additional 456 shares during the period. Versor Investments LP boosted its stake in ACI Worldwide by 7.3% during the first quarter. Versor Investments LP now owns 6,867 shares of the technology company's stock worth $216,000 after buying an additional 467 shares during the period. Finally, Vident Investment Advisory LLC boosted its stake in ACI Worldwide by 3.9% during the first quarter. Vident Investment Advisory LLC now owns 15,251 shares of the technology company's stock worth $479,000 after buying an additional 568 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.
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Several research firms have commented on ACIW. Stephens began coverage on shares of ACI Worldwide in a research note on Thursday, July 14th. They set an "overweight" rating and a $31.00 price objective for the company. StockNews.com downgraded ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 5th. Finally, Needham & Company LLC decreased their target price on ACI Worldwide from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, September 2nd.
ACI Worldwide Stock Down 2.4 %
NASDAQ:ACIW opened at $21.88 on Monday. ACI Worldwide, Inc. has a twelve month low of $21.51 and a twelve month high of $36.01. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 16.83 and a beta of 1.10. The stock has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $27.16. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85.ACI Worldwide (NASDAQ:ACIW – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $330.22 million. ACI Worldwide had a return on equity of 17.24% and a net margin of 10.51%. The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that ACI Worldwide, Inc. will post 2.02 EPS for the current year.
ACI Worldwide Profile
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ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
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