Deutsche Bank AG Takes Position in ACI Worldwide, Inc. $ACIW

Key Points

• Deutsche Bank AG initiated a position in ACI Worldwide during the second quarter, purchasing 111,355 shares valued at approximately $5.6 million. Institutional investors collectively own 94.73% of the company.
• ACI Worldwide shares opened at $52.41, with a market capitalization of about $5.29 billion and a 52-week range of $38.05 to $61.08.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $66.00 average price target, despite one firm downgrading it to “Hold.”

Deutsche Bank AG bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 111,355 shares of the technology company's stock, valued at approximately $5,600,000. Deutsche Bank AG owned approximately 0.11% of ACI Worldwide at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. Dimensional Fund Advisors LP raised its stake in shares of ACI Worldwide by 13.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company's stock valued at $115,364,000 after buying an additional 344,358 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of ACI Worldwide by 8.5% during the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company's stock worth $121,916,000 after acquiring an additional 189,433 shares during the period. Alliancebernstein L.P. boosted its position in shares of ACI Worldwide by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company's stock valued at $123,277,000 after acquiring an additional 107,993 shares in the last quarter. North Reef Capital Management LP boosted its position in shares of ACI Worldwide by 13.2% during the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company's stock valued at $91,452,000 after acquiring an additional 260,000 shares in the last quarter. Finally, Morgan Stanley increased its stake in ACI Worldwide by 6.0% in the fourth quarter. Morgan Stanley now owns 2,188,415 shares of the technology company's stock valued at $104,628,000 after acquiring an additional 123,928 shares during the period. 94.73% of the stock is owned by institutional investors.

ACI Worldwide Stock Up 1.1%

Shares of NASDAQ:ACIW opened at $52.41 on Tuesday. The company's fifty day moving average is $53.34 and its 200-day moving average is $45.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a market capitalization of $5.29 billion, a PE ratio of 24.04 and a beta of 0.97.

Analyst Ratings Changes

ACIW has been the subject of a number of analyst reports. 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. Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Wall Street Zen cut ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $66.00.

About ACI Worldwide

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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