Cwm LLC Purchases 1,832 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Cwm LLC grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 138.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,154 shares of the technology company’s stock after purchasing an additional 1,832 shares during the quarter. Cwm LLC’s holdings in ACI Worldwide were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB bought a new stake in ACI Worldwide during the first quarter valued at approximately $3,321,000. GSA Capital Partners LLP purchased a new position in shares of ACI Worldwide during the 1st quarter worth $846,000. CANADA LIFE ASSURANCE Co grew its position in shares of ACI Worldwide by 26.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after acquiring an additional 22,992 shares during the period. ClariVest Asset Management LLC increased its stake in shares of ACI Worldwide by 140.3% in the 1st quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after purchasing an additional 36,261 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after purchasing an additional 180,600 shares during the period. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. DA Davidson boosted their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $49.17 on Thursday. The stock has a 50-day moving average price of $49.60 and a 200 day moving average price of $41.86. The stock has a market capitalization of $5.15 billion, a P/E ratio of 29.09 and a beta of 1.19. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $53.29. 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 data 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. The business had revenue of $373.48 million during the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Equities research analysts forecast that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal year.

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.