nVerses Capital LLC Invests $112,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

nVerses Capital LLC purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,200 shares of the technology company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACIW. Vanguard Group Inc. grew its stake in ACI Worldwide by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after acquiring an additional 1,228,384 shares during the last quarter. Hood River Capital Management LLC grew its stake in ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after acquiring an additional 743,595 shares during the last quarter. Swedbank AB grew its stake in ACI Worldwide by 228.6% in the 2nd quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock valued at $13,009,000 after acquiring an additional 228,600 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in ACI Worldwide in the 2nd quarter valued at about $7,696,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in ACI Worldwide in the 2nd quarter valued at about $7,353,000. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACIW stock opened at $50.66 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 29.98 and a beta of 1.19. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $53.29. The stock’s fifty day moving average is $49.45 and its two-hundred day moving average is $41.51.

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

Analyst Ratings Changes

A number of research analysts have issued reports on ACIW shares. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson upped their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Canaccord Genuity Group upped their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

About ACI Worldwide

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.