FourThought Financial LLC Has $181,000 Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

FourThought Financial LLC lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 42.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,665 shares of the technology company’s stock after purchasing an additional 2,562 shares during the period. FourThought Financial LLC’s holdings in ACI Worldwide were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Exchange Traded Concepts LLC acquired a new stake in ACI Worldwide in the 3rd quarter worth $36,000. Eagle Bay Advisors LLC increased its position in shares of ACI Worldwide by 139.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 3,065 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,784 shares in the last quarter. Assetmark Inc. increased its position in shares of ACI Worldwide by 62.1% during the 3rd quarter. Assetmark Inc. now owns 4,622 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,771 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of ACI Worldwide during the 1st quarter worth about $146,000. Institutional investors and hedge funds own 97.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. DA Davidson raised their price objective on shares of ACI Worldwide from $29.00 to $34.00 in a research report on Thursday, March 2nd. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 2nd. StockNews.com initiated coverage on ACI Worldwide in a research note on Thursday. They issued a “hold” rating for the company. Finally, Stephens boosted their target price on ACI Worldwide from $27.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $32.67.

ACI Worldwide Trading Up 4.5 %

ACIW stock opened at $26.94 on Friday. The company has a market cap of $2.91 billion, a P/E ratio of 21.38 and a beta of 1.10. ACI Worldwide, Inc. has a twelve month low of $19.68 and a twelve month high of $34.20. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $26.64 and a 200-day moving average of $23.48.

ACI Worldwide Profile

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ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.