Emerald Investment Advisers LLC purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 76,681 shares of the technology company's stock, valued at approximately $3,856,000. Emerald Investment Advisers LLC owned 0.08% of ACI Worldwide at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company's stock worth $26,000 after buying an additional 372 shares in the last quarter. Allworth Financial LP boosted its position in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company's stock worth $28,000 after acquiring an additional 257 shares during the last quarter. Essential Partners LLC grew its stake in ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company's stock valued at $30,000 after acquiring an additional 327 shares in the last quarter. State of Wyoming purchased a new position in ACI Worldwide during the second quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC grew its stake in ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company's stock valued at $43,000 after acquiring an additional 519 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. DA Davidson set a $66.00 price target on shares of ACI Worldwide and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen lowered ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, ACI Worldwide presently has a consensus rating of "Buy" and an average price target of $66.00.
Get Our Latest Report on ACI Worldwide
ACI Worldwide Trading Up 0.6%
ACIW opened at $51.86 on Friday. The firm has a market cap of $5.24 billion, a P/E ratio of 23.79 and a beta of 0.97. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $53.18 and a 200 day moving average of $45.80.
ACI Worldwide Company Profile
(
Free Report)
ACI Worldwide NASDAQ: ACIW is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company's platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.
ACI's modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.
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