50,666 ACI Worldwide, Inc. $ACIW Shares Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its ACI Worldwide stake by 374.1% in the third quarter, purchasing 50,666 additional shares and bringing its total holdings to 64,209 shares valued at approximately $3.14 million.
• Institutional investors own 94.73% of ACI Worldwide, with several funds increasing positions during the quarter, including Congress Asset Management, which holds more than 1.7 million shares.
• Analyst sentiment remains positive, with MarketBeat reporting a consensus “Buy” rating and a $61.00 target price. ACIW opened at $55.88 and trades between a 52-week range of $38.05 to $61.08.

Inspire Investing LLC grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 374.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,209 shares of the technology company's stock after purchasing an additional 50,666 shares during the quarter. Inspire Investing LLC owned approximately 0.06% of ACI Worldwide worth $3,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACIW. Root Financial Partners LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter valued at $42,000. Nisa Investment Advisors LLC boosted its holdings in ACI Worldwide by 1.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 78,154 shares of the technology company's stock worth $3,820,000 after buying an additional 827 shares during the period. Pension & Wealth Management Advisors Inc. bought a new position in ACI Worldwide in the 3rd quarter worth $267,000. GAMMA Investing LLC increased its stake in ACI Worldwide by 19.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,805 shares of the technology company's stock worth $382,000 after buying an additional 1,269 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in ACI Worldwide by 9.1% in the 3rd quarter. Congress Asset Management Co. now owns 1,737,223 shares of the technology company's stock worth $84,915,000 after buying an additional 144,917 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the topic of several research analyst reports. DA Davidson restated a "buy" rating and issued a $66.00 price objective on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Weiss Ratings upgraded ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Wall Street Zen downgraded ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Stephens initiated coverage on ACI Worldwide in a research note on Friday, October 16th. They set an "equal weight" rating and a $56.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $61.00.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $55.88 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a fifty day moving average price of $51.71 and a 200 day moving average price of $49.26. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 25.63 and a beta of 0.99.

About ACI Worldwide

ACI Worldwide, Inc NASDAQ: ACIW develops and provides electronic payment software and services for merchants, banks, financial institutions, billers and other organizations. Its technology is designed to support payment acceptance, transaction processing, fraud prevention and the movement of money across digital and traditional channels.

The company's offerings include payment orchestration and acquiring solutions, real-time payments, bill payment and electronic bill presentment, fraud management, and software for retail and enterprise payment operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.