ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 234.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,656 shares of the technology company's stock after acquiring an additional 112,656 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.15% of ACI Worldwide worth $4,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in ACI Worldwide by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company's stock valued at $270,188,000 after acquiring an additional 389,424 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of ACI Worldwide by 3.8% during the 4th quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company's stock worth $147,161,000 after buying an additional 235,858 shares in the last quarter. State Street Corp grew its position in shares of ACI Worldwide by 1.9% during the 1st quarter. State Street Corp now owns 4,026,192 shares of the technology company's stock worth $126,785,000 after buying an additional 75,092 shares in the last quarter. North Reef Capital Management LP grew its position in shares of ACI Worldwide by 26.3% during the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company's stock worth $64,183,000 after buying an additional 592,735 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of ACI Worldwide by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company's stock worth $58,485,000 after buying an additional 24,272 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Down 2.6 %

Shares of NASDAQ ACIW traded down $0.85 during mid-day trading on Friday, reaching $32.00. 407,619 shares of the company were exchanged, compared to its average volume of 575,820. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 28.83 and a beta of 1.24. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $33.83. The firm has a 50-day moving average of $31.63 and a 200 day moving average of $28.18.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The company had revenue of $477.00 million during the quarter, compared to analysts' expectations of $476.43 million. During the same period last year, the business posted $0.95 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on ACI Worldwide in a research report on Friday, March 8th. They set a "buy" rating and a $38.00 price target on the stock. TheStreet raised ACI Worldwide from a "c" rating to a "b-" rating in a research report on Thursday, January 4th. DA Davidson reissued a "buy" rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.