King Luther Capital Management Corp trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 336,035 shares of the technology company’s stock after selling 64,310 shares during the period. King Luther Capital Management Corp owned 0.31% of ACI Worldwide worth $7,786,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in ACI Worldwide by 33.6% in the 1st quarter. Texas Permanent School Fund Corp now owns 99,882 shares of the technology company’s stock worth $2,695,000 after acquiring an additional 25,130 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of ACI Worldwide by 7.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,552 shares of the technology company’s stock valued at $231,000 after buying an additional 612 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of ACI Worldwide by 3.6% during the 2nd quarter. River Road Asset Management LLC now owns 3,524,055 shares of the technology company’s stock valued at $81,652,000 after buying an additional 123,955 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in ACI Worldwide by 1.0% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 673,269 shares of the technology company’s stock valued at $18,165,000 after buying an additional 6,738 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in ACI Worldwide in the 2nd quarter valued at approximately $574,000. 94.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ACIW shares. StockNews.com began coverage on ACI Worldwide in a report on Thursday, October 5th. They issued a “hold” rating for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACI Worldwide in a research note on Friday, August 4th.
ACI Worldwide Stock Up 3.1 %
Shares of NASDAQ ACIW opened at $26.52 on Tuesday. The business has a 50-day moving average of $22.65 and a 200-day moving average of $23.16. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 33.15 and a beta of 1.07. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $29.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.82.
ACI Worldwide Profile
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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
- Five stocks we like better than ACI Worldwide
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Safeguard your portfolio with these three bargain stocks
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Membership clubs gain leverage for the consumer rebound
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.