AXQ Capital LP Takes Position in ACI Worldwide, Inc. $ACIW

Key Points

• AXQ Capital LP initiated a position in ACI Worldwide during the second quarter, purchasing 19,434 shares valued at approximately $977,000. Institutional investors and hedge funds collectively own 94.73% of the company.
• Analyst sentiment remains generally positive: ACI Worldwide has an average “Buy” rating and a consensus price target of $66.00, despite downgrades from Wall Street Zen and Weiss Ratings.
• ACI Worldwide shares opened at $52.95, with a $5.35 billion market capitalization and a 52-week trading range of $38.05 to $61.08. The company provides electronic payment, banking, and fraud-prevention software globally.

AXQ Capital LP bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,434 shares of the technology company's stock, valued at approximately $977,000.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company's stock worth $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP boosted its holdings in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company's stock valued at $28,000 after purchasing an additional 257 shares during the period. Essential Partners LLC grew its position in shares of ACI Worldwide by 80.3% during the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company's stock worth $30,000 after purchasing an additional 327 shares in the last quarter. State of Wyoming acquired a new position in shares of ACI Worldwide during the 2nd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company's stock worth $43,000 after purchasing an additional 519 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings lowered ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Zacks Research raised ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Finally, DA Davidson reiterated a "buy" rating and set a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $66.00.

ACI Worldwide Stock Up 0.1%

NASDAQ ACIW opened at $52.95 on Friday. The business has a fifty day moving average price of $54.69 and a two-hundred day moving average price of $46.62. The stock has a market capitalization of $5.35 billion, a PE ratio of 24.29 and a beta of 0.98. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58.

ACI Worldwide Profile

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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