Capital Fund Management S.A. Boosts Holdings in ACI Worldwide, Inc. $ACIW

Capital Fund Management S.A. lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 242.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,412 shares of the technology company’s stock after acquiring an additional 32,858 shares during the quarter. Capital Fund Management S.A.’s holdings in ACI Worldwide were worth $2,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allianz Asset Management GmbH grew its holdings in shares of ACI Worldwide by 4.0% in the second quarter. Allianz Asset Management GmbH now owns 224,171 shares of the technology company’s stock worth $10,292,000 after purchasing an additional 8,597 shares during the last quarter. Citigroup Inc. raised its holdings in ACI Worldwide by 11.6% during the 1st quarter. Citigroup Inc. now owns 189,293 shares of the technology company’s stock valued at $10,356,000 after buying an additional 19,624 shares during the last quarter. Townsquare Capital LLC boosted its position in ACI Worldwide by 11.4% during the 1st quarter. Townsquare Capital LLC now owns 69,527 shares of the technology company’s stock valued at $3,804,000 after buying an additional 7,133 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in ACI Worldwide by 1.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 896,169 shares of the technology company’s stock worth $49,029,000 after acquiring an additional 11,200 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of ACI Worldwide by 22.3% in the first quarter. LPL Financial LLC now owns 38,076 shares of the technology company’s stock valued at $2,083,000 after acquiring an additional 6,944 shares during the period. Institutional investors own 94.74% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of analyst reports. Zacks Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings lowered ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, DA Davidson restated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Performance

Shares of ACIW opened at $47.08 on Thursday. The company has a 50-day simple moving average of $49.14 and a two-hundred day simple moving average of $47.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $4.85 billion, a PE ratio of 18.98 and a beta of 1.09. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $58.14.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $482.36 million during the quarter, compared to analyst estimates of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. On average, analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the transaction, the chief technology officer owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.