Inspire Investing LLC Grows Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Inspire Investing LLC grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 181.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,393 shares of the technology company’s stock after buying an additional 19,608 shares during the period. Inspire Investing LLC’s holdings in ACI Worldwide were worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ACIW. Fifth Third Bancorp boosted its holdings in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC increased its position in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares during the period. Innealta Capital LLC bought a new position in ACI Worldwide in the second quarter worth about $154,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in ACI Worldwide in the second quarter worth about $166,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. DA Davidson upped their target price on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Canaccord Genuity Group raised their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

ACI Worldwide Trading Up 0.6 %

ACI Worldwide stock opened at $49.46 on Friday. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $50.61. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 36.91 and a beta of 1.19. The business’s fifty day simple moving average is $46.04 and its two-hundred day simple moving average is $38.61. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The company had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. As a group, equities analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

ACI Worldwide announced that its Board of Directors has authorized a stock buyback plan on Thursday, June 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to reacquire up to 8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.