Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,316 shares of the technology company’s stock after purchasing an additional 807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACI Worldwide were worth $963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC lifted its stake in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC boosted its holdings in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares during the period. LRI Investments LLC purchased a new position in shares of ACI Worldwide during the 1st quarter valued at $227,000. Finally, EntryPoint Capital LLC grew its position in ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after buying an additional 478 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $48.95 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The stock has a market cap of $5.16 billion, a PE ratio of 36.53 and a beta of 1.20. The company’s fifty day moving average is $44.02 and its 200 day moving average is $37.34. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $50.52.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $373.48 million during the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. Research analysts anticipate that ACI Worldwide, Inc. will post 1.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.