Corient Private Wealth LP Makes New Investment in ACI Worldwide, Inc. $ACIW

Key Points

• Corient Private Wealth LP acquired 51,131 shares of ACI Worldwide worth approximately $2.57 million, representing about 0.05% of the company.
• Several other institutional investors also initiated positions during the second quarter, and institutional investors and hedge funds now own approximately 94.73% of ACI Worldwide’s stock.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average price target of $66, compared with the stock’s reported price of $52.46.

Corient Private Wealth LP acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,131 shares of the technology company's stock, valued at approximately $2,571,000. Corient Private Wealth LP owned approximately 0.05% of ACI Worldwide as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE purchased a new stake in shares of ACI Worldwide during the second quarter worth about $27,391,000. American Capital Management Inc. purchased a new position in ACI Worldwide in the 2nd quarter valued at about $926,000. Freestone Grove Partners LP purchased a new position in ACI Worldwide in the 2nd quarter valued at about $462,000. Jupiter Topco LLC acquired a new stake in ACI Worldwide in the 2nd quarter worth about $16,941,000. Finally, Hsbc Holdings PLC acquired a new stake in ACI Worldwide in the 2nd quarter worth about $243,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings cut ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. DA Davidson reaffirmed a "buy" rating and issued a $66.00 price target on shares of ACI Worldwide in a research note on Wednesday. Wall Street Zen lowered ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $66.00.

ACI Worldwide Stock Performance

ACIW opened at $52.46 on Thursday. The firm has a market capitalization of $5.30 billion, a PE ratio of 24.06 and a beta of 0.98. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $61.08. The firm's 50-day moving average price is $54.49 and its 200 day moving average price is $46.49. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

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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