Zurcher Kantonalbank Zurich Cantonalbank Has $719,000 Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.3% during the 4th quarter, Holdings Channel reports. The fund owned 23,509 shares of the technology company’s stock after acquiring an additional 3,808 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACI Worldwide were worth $719,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ACIW. Covestor Ltd boosted its stake in ACI Worldwide by 136.6% in the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares in the last quarter. Strs Ohio raised its stake in shares of ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of ACI Worldwide by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after purchasing an additional 444 shares in the last quarter. Assetmark Inc. grew its stake in shares of ACI Worldwide by 18.2% during the third quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock valued at $276,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ACI Worldwide by 87.1% in the third quarter. Tower Research Capital LLC TRC now owns 13,455 shares of the technology company’s stock valued at $304,000 after purchasing an additional 6,264 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Down 0.6 %

Shares of ACI Worldwide stock opened at $33.10 on Tuesday. The business has a fifty day simple moving average of $32.08 and a 200 day simple moving average of $29.11. The stock has a market cap of $3.52 billion, a PE ratio of 29.82 and a beta of 1.24. The company has a quick ratio of 1.36, a current 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.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACIW. Jefferies Financial Group assumed coverage on ACI Worldwide in a report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Finally, DA Davidson reissued a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

ACI Worldwide Company Profile

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.