ACI Worldwide, Inc. $ACIW Stock Holdings Lifted by Algert Global LLC

Algert Global LLC increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,096 shares of the technology company’s stock after acquiring an additional 80,890 shares during the quarter. ACI Worldwide accounts for about 0.4% of Algert Global LLC’s holdings, making the stock its 18th largest position. Algert Global LLC owned approximately 0.47% of ACI Worldwide worth $25,335,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in ACI Worldwide by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock worth $123,277,000 after purchasing an additional 107,993 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in ACI Worldwide during the 3rd quarter valued at $825,000. Creative Planning lifted its holdings in shares of ACI Worldwide by 55.2% in the third quarter. Creative Planning now owns 50,096 shares of the technology company’s stock valued at $2,644,000 after purchasing an additional 17,826 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of ACI Worldwide by 9.0% in the third quarter. Lazard Asset Management LLC now owns 90,932 shares of the technology company’s stock valued at $4,798,000 after purchasing an additional 7,545 shares in the last quarter. Finally, FJ Capital Management LLC boosted its position in shares of ACI Worldwide by 64.5% in the third quarter. FJ Capital Management LLC now owns 15,304 shares of the technology company’s stock worth $808,000 after buying an additional 5,998 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 1.6%

ACI Worldwide stock opened at $39.77 on Friday. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $57.49. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.05 billion, a P/E ratio of 18.33 and a beta of 1.07. The company’s fifty day simple moving average is $42.37 and its 200-day simple moving average is $46.72.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The firm had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $465.20 million. During the same quarter in the prior year, the business posted $1.08 earnings per share. ACI Worldwide’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, Director Juan Benitez II purchased 2,400 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the acquisition, the director owned 16,881 shares of the company’s stock, valued at $707,313.90. This trade represents a 16.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Adalio T. Sanchez acquired 3,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $40.98 per share, with a total value of $122,940.00. Following the purchase, the director owned 64,378 shares in the company, valued at $2,638,210.44. The trade was a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACIW. Weiss Ratings downgraded ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.00.

About ACI Worldwide

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.