Jupiter Topco LLC Makes New $16.94 Million Investment in ACI Worldwide, Inc. $ACIW

Key Points

• Jupiter Topco LLC acquired 336,864 shares of ACI Worldwide in the second quarter, valued at approximately $16.94 million and representing about 0.33% of the company.
• Several institutional investors increased their ACIW positions, while hedge funds and institutions collectively owned 94.73% of the stock.
• ACI Worldwide shares opened at $53.83, compared with analysts’ consensus price target of $66.00; the stock carries an overall “Buy” rating.

Jupiter Topco LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 336,864 shares of the technology company's stock, valued at approximately $16,941,000. Jupiter Topco LLC owned approximately 0.33% of ACI Worldwide at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ACIW. Millennium Management LLC raised its holdings in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company's stock worth $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC boosted its stake in ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company's stock valued at $81,000 after purchasing an additional 711 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of ACI Worldwide during the 1st quarter valued at $259,000. Empowered Funds LLC increased its position in shares of ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company's stock valued at $895,000 after purchasing an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of ACI Worldwide by 13.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company's stock worth $22,285,000 after buying an additional 48,988 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

ACI Worldwide Stock Performance

ACIW opened at $53.83 on Friday. The firm has a market cap of $5.43 billion, a PE ratio of 24.69 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $54.04 and a 200-day simple moving average of $46.21. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08.

Analysts Set New Price Targets

ACIW has been the subject of several research reports. Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Wall Street Zen cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. DA Davidson set a $66.00 price target on shares of ACI Worldwide and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of 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 and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide has an average 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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