Versor Investments LP Boosts Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Versor Investments LP increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,867 shares of the technology company’s stock after purchasing an additional 467 shares during the quarter. Versor Investments LP’s holdings in ACI Worldwide were worth $216,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in shares of ACI Worldwide by 1,438.7% in the 4th quarter. First Horizon Advisors Inc. now owns 954 shares of the technology company’s stock valued at $32,000 after purchasing an additional 892 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in ACI Worldwide during the 1st quarter worth about $65,000. Point72 Hong Kong Ltd acquired a new position in ACI Worldwide during the 4th quarter worth about $87,000. Cim Investment Management Inc. acquired a new position in ACI Worldwide during the 4th quarter worth about $205,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in ACI Worldwide during the 4th quarter worth about $205,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the topic of several research reports. Stephens initiated coverage on ACI Worldwide in a research note on Thursday, July 14th. They set an “overweight” rating and a $31.00 target price on the stock. DA Davidson cut their price target on ACI Worldwide from $42.00 to $36.00 in a report on Monday, April 25th. Finally, TheStreet downgraded ACI Worldwide from a “b-” rating to a “c” rating in a report on Thursday, May 5th.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $28.53 on Monday. The stock’s 50-day moving average is $26.66 and its two-hundred day moving average is $29.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.24. ACI Worldwide, Inc. has a 1-year low of $23.63 and a 1-year high of $36.01. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 23.20 and a beta of 1.05.

ACI Worldwide (NASDAQ:ACIW – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The technology company reported $0.23 EPS for the quarter. ACI Worldwide had a return on equity of 16.99% and a net margin of 10.31%. The business had revenue of $323.08 million for the quarter, compared to the consensus estimate of $314.86 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis.

About ACI Worldwide

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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.