Envestnet Asset Management Inc. Has $20 Million Stock Position in ACI Worldwide, Inc. $ACIW

Envestnet Asset Management Inc. lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 166.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 378,990 shares of the technology company’s stock after acquiring an additional 236,878 shares during the quarter. Envestnet Asset Management Inc. owned about 0.37% of ACI Worldwide worth $19,999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ACIW. Franklin Resources Inc. increased its stake in shares of ACI Worldwide by 3.8% in the second quarter. Franklin Resources Inc. now owns 5,378,701 shares of the technology company’s stock worth $246,936,000 after purchasing an additional 199,286 shares during the period. Alliancebernstein L.P. boosted its stake in ACI Worldwide by 16.2% during the 2nd 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 during the period. Ameriprise Financial Inc. grew its holdings in ACI Worldwide by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock valued at $77,004,000 after buying an additional 105,975 shares during the last quarter. American Century Companies Inc. increased its position in ACI Worldwide by 32.8% in the 2nd quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock worth $76,308,000 after buying an additional 410,423 shares during the period. Finally, Congress Asset Management Co. lifted its holdings 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 worth $70,616,000 after buying an additional 154,817 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Stock Up 0.7%

Shares of NASDAQ ACIW opened at $39.56 on Friday. The firm has a market capitalization of $4.08 billion, a PE ratio of 15.95 and a beta of 1.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. ACI Worldwide, Inc. has a 1 year low of $38.53 and a 1 year high of $58.14. The firm’s 50-day moving average is $45.17 and its 200-day moving average is $47.35.

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.