FourThought Financial LLC Acquires 2,562 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

FourThought Financial LLC boosted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 42.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,665 shares of the technology company’s stock after acquiring an additional 2,562 shares during the period. FourThought Financial LLC’s holdings in ACI Worldwide were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACIW. American Century Companies Inc. lifted its holdings in ACI Worldwide by 19.6% during the first quarter. American Century Companies Inc. now owns 14,850 shares of the technology company’s stock worth $468,000 after acquiring an additional 2,437 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in ACI Worldwide by 37.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,208 shares of the technology company’s stock worth $447,000 after acquiring an additional 3,885 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of ACI Worldwide by 5.3% in the 1st quarter. Natixis Advisors L.P. now owns 55,677 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 2,790 shares during the period. Bank of Montreal Can raised its stake in shares of ACI Worldwide by 6.3% in the 1st quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock valued at $312,000 after purchasing an additional 571 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of ACI Worldwide by 1.5% in the 1st quarter. Rhumbline Advisers now owns 349,466 shares of the technology company’s stock valued at $11,005,000 after purchasing an additional 5,246 shares during the period. 97.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ACIW shares. Stephens lifted their price target on ACI Worldwide from $27.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. DA Davidson lifted their price target on ACI Worldwide from $29.00 to $34.00 in a research note on Thursday, March 2nd. StockNews.com started coverage on ACI Worldwide in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 price target on shares of ACI Worldwide in a research note on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $26.94 on Friday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.38 and a beta of 1.10. The business has a 50-day moving average of $26.64 and a 200-day moving average of $23.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.30 and a quick ratio of 1.30. ACI Worldwide, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $34.20.

ACI Worldwide Profile

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ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.