Cwm LLC Purchases 15,228 Shares of ACI Worldwide, Inc. $ACIW

Cwm LLC grew its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 353.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,540 shares of the technology company’s stock after buying an additional 15,228 shares during the quarter. Cwm LLC’s holdings in ACI Worldwide were worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in ACI Worldwide by 3.8% during the 2nd quarter. Franklin Resources Inc. now owns 5,378,701 shares of the technology company’s stock valued at $246,936,000 after purchasing an additional 199,286 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of ACI Worldwide by 16.2% during the second quarter. Alliancebernstein L.P. now owns 2,228,131 shares of the technology company’s stock valued at $102,293,000 after purchasing an additional 310,785 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ACI Worldwide by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock valued at $77,004,000 after purchasing an additional 105,975 shares in the last quarter. American Century Companies Inc. boosted its position in shares of ACI Worldwide by 32.8% during the second quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock valued at $76,308,000 after buying an additional 410,423 shares during the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of ACI Worldwide by 13.1% during the third quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock valued at $70,616,000 after buying an additional 154,817 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

ACIW opened at $45.48 on Wednesday. The company’s 50 day moving average is $47.37 and its 200 day moving average is $47.76. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 18.34 and a beta of 1.05. ACI Worldwide, Inc. has a 12-month low of $40.45 and a 12-month high of $58.14.

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

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 4,210 shares of ACI Worldwide 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 transaction, the chief technology officer directly owned 96,897 shares in the company, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.