Allianz Asset Management GmbH Has $9.89 Million Stock Position in ACI Worldwide, Inc. $ACIW

Allianz Asset Management GmbH lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,385 shares of the technology company’s stock after selling 36,786 shares during the period. Allianz Asset Management GmbH owned about 0.18% of ACI Worldwide worth $9,888,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of ACI Worldwide by 160.4% in the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares during the last quarter. NewEdge Advisors LLC grew its holdings in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after buying an additional 711 shares in the last quarter. Caxton Associates LLP purchased a new stake in ACI Worldwide in the 1st quarter valued at $259,000. Empowered Funds LLC lifted its stake in ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after acquiring an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after acquiring an additional 48,988 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Trading Up 4.0%

Shares of ACIW stock opened at $42.28 on Monday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 17.05 and a beta of 1.05. The company’s fifty day simple moving average is $45.74 and its two-hundred day simple moving average is $47.51. ACI Worldwide, Inc. has a 1 year low of $38.89 and a 1 year high of $58.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58.

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

Wall Street Analyst Weigh In

ACIW has been the subject of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide 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.