nVerses Capital LLC purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) 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.
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.
View Our Latest Stock Analysis on ACI Worldwide
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.
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