Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 58.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,673 shares of the technology company's stock after buying an additional 11,347 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in ACI Worldwide were worth $794,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ACIW. Nuveen Asset Management LLC grew its stake in shares of ACI Worldwide by 83.1% in the 4th quarter. Nuveen Asset Management LLC now owns 925,910 shares of the technology company's stock worth $32,129,000 after acquiring an additional 420,111 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of ACI Worldwide in the 4th quarter worth $87,000. Squarepoint Ops LLC grew its stake in shares of ACI Worldwide by 120.4% in the 4th quarter. Squarepoint Ops LLC now owns 71,649 shares of the technology company's stock worth $2,486,000 after acquiring an additional 39,138 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of ACI Worldwide by 21.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 447,276 shares of the technology company's stock worth $15,520,000 after acquiring an additional 79,386 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in ACI Worldwide during the fourth quarter valued at about $3,102,000. Institutional investors own 96.31% of the company's stock.
Get ACI Worldwide alerts:Wall Street Analyst Weigh In
ACIW has been the subject of several research reports. Stephens initiated coverage on shares of ACI Worldwide in a research report on Thursday, July 14th. They set an "overweight" rating and a $31.00 price target for the company. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 5th. Finally, Needham & Company LLC reduced their price target on shares of 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 Price Performance
Shares of NASDAQ:ACIW opened at $20.90 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $2.38 billion, a PE ratio of 16.08 and a beta of 1.10. ACI Worldwide, Inc. has a twelve month low of $20.19 and a twelve month high of $36.01. The company has a 50-day moving average price of $24.25 and a two-hundred day moving average price of $26.43.ACI Worldwide (NASDAQ:ACIW – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The technology company reported $0.24 earnings per share (EPS) for the quarter. ACI Worldwide had a net margin of 10.51% and a return on equity of 17.24%. The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $330.22 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company's revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that ACI Worldwide, Inc. will post 2.02 EPS for the current year.
ACI Worldwide Company 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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