DekaBank Deutsche Girozentrale Acquires 112,656 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

DekaBank Deutsche Girozentrale boosted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 234.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,656 shares of the technology company’s stock after acquiring an additional 112,656 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.15% of ACI Worldwide worth $4,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Covestor Ltd raised its stake in ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after buying an additional 818 shares during the last quarter. Strs Ohio raised its stake in ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. FMR LLC raised its stake in ACI Worldwide by 26.2% during the 1st quarter. FMR LLC now owns 3,312 shares of the technology company’s stock valued at $89,000 after buying an additional 688 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after buying an additional 2,106 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in ACI Worldwide during the 1st quarter valued at $146,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Down 0.6 %

Shares of NASDAQ:ACIW opened at $32.85 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $33.83. The company has a 50-day moving average price of $31.58 and a 200 day moving average price of $28.11. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 29.59 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. During the same quarter last year, the firm earned $0.95 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. DA Davidson restated a “buy” rating and issued a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. Jefferies Financial Group began coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. Finally, TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.