AlphaQuest LLC Has $2.01 Million Stake in ACI Worldwide, Inc. $ACIW

AlphaQuest LLC lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 55.5% during the 4th quarter, HoldingsChannel reports. The fund owned 42,057 shares of the technology company’s stock after purchasing an additional 15,012 shares during the period. AlphaQuest LLC’s holdings in ACI Worldwide were worth $2,011,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of ACI Worldwide by 79.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after acquiring an additional 4,280,684 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of ACI Worldwide by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock valued at $123,277,000 after acquiring an additional 107,993 shares in the last quarter. London Co. of Virginia lifted its holdings in ACI Worldwide by 91.0% during the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after buying an additional 825,671 shares during the period. Ameriprise Financial Inc. lifted its holdings in ACI Worldwide by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock worth $77,004,000 after buying an additional 105,975 shares during the period. Finally, Millennium Management LLC lifted its holdings in ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after buying an additional 1,284,419 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

ACIW stock opened at $42.35 on Wednesday. The stock has a 50-day moving average price of $42.00 and a 200-day moving average price of $43.73. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $54.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.31 billion, a PE ratio of 21.28 and a beta of 1.01.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that ACI Worldwide, Inc. will post 2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on ACIW. Weiss Ratings downgraded ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Zacks Research downgraded ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.00.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez acquired 3,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $40.98 per share, with a total value of $122,940.00. Following the transaction, the director owned 64,378 shares in the company, valued at approximately $2,638,210.44. The trade was a 4.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Juan Benitez II acquired 2,400 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $41.90 per share, with a total value of $100,560.00. Following the completion of the transaction, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This represents a 16.57% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

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.