Tower Research Capital LLC TRC decreased its stake in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 996 shares of the technology company’s stock after selling 694 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ACI Worldwide were worth $31,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in shares of ACI Worldwide during the first quarter valued at approximately $49,000. Creative Planning increased its holdings in shares of ACI Worldwide by 66.6% in the 2nd quarter. Creative Planning now owns 28,344 shares of the technology company’s stock worth $973,000 after purchasing an additional 11,327 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of ACI Worldwide by 133.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,990 shares of the technology company’s stock worth $755,000 after purchasing an additional 12,580 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of ACI Worldwide by 40.3% in the second quarter. Dupont Capital Management Corp now owns 13,582 shares of the technology company’s stock worth $466,000 after purchasing an additional 3,900 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of ACI Worldwide by 41.4% in the second quarter. KBC Group NV now owns 58,691 shares of the technology company’s stock worth $2,015,000 after purchasing an additional 17,180 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on ACIW. Canaccord Genuity began coverage on ACI Worldwide in a research report on Thursday. They set a “buy” rating and a $44.00 price objective on the stock. Stephens upped their target price on shares of ACI Worldwide from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. TheStreet raised shares of ACI Worldwide from a “c+” rating to a “b” rating in a report on Thursday, November 7th. Finally, ValuEngine downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ACI Worldwide currently has a consensus rating of “Buy” and an average price target of $40.50.
Shares of ACIW opened at $37.85 on Friday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 40.37 and a beta of 1.35. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day moving average of $35.44 and a 200 day moving average of $32.64. ACI Worldwide Inc has a one year low of $25.12 and a one year high of $38.09.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.09). The business had revenue of $354.90 million for the quarter, compared to analysts’ expectations of $341.07 million. ACI Worldwide had a net margin of 8.42% and a return on equity of 10.48%. ACI Worldwide’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS.
About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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