Rice Hall James & Associates LLC Invests $50.62 Million in ACI Worldwide, Inc. $ACIW

Key Points

• Rice Hall James & Associates acquired 1,006,595 shares of ACI Worldwide worth approximately $50.6 million, making ACIW its second-largest holding and representing about 0.99% of the company.
• Other institutional investors also increased their positions, and institutions collectively own 94.73% of ACI Worldwide.
• ACI Worldwide shares were trading at $52.13, down 2.5%, while analysts maintained a consensus “Hold” rating with a $66 price target.

Rice Hall James & Associates LLC acquired a new position in shares of 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 institutional investor acquired 1,006,595 shares of the technology company's stock, valued at approximately $50,622,000. ACI Worldwide makes up approximately 2.5% of Rice Hall James & Associates LLC's portfolio, making the stock its 2nd biggest holding. Rice Hall James & Associates LLC owned 0.99% of ACI Worldwide as of its most recent SEC filing.

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

ACI Worldwide Trading Down 2.5%

ACI Worldwide stock opened at $52.13 on Tuesday. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $5.26 billion, a P/E ratio of 23.91 and a beta of 0.97. The stock has a 50-day simple moving average of $52.55 and a 200 day simple moving average of $45.57.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DA Davidson set a $66.00 target price on ACI Worldwide and gave the company a "buy" rating in a research note on Friday, August 7th. Weiss Ratings raised shares of ACI Worldwide from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Zacks Research raised ACI Worldwide from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Finally, Wall Street Zen lowered ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, ACI Worldwide currently has an average rating of "Hold" 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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