Hsbc Holdings PLC Increases Holdings in ACI Worldwide, Inc. $ACIW

Hsbc Holdings PLC boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 573.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,116 shares of the technology company’s stock after buying an additional 178,916 shares during the period. Hsbc Holdings PLC owned 0.21% of ACI Worldwide worth $10,085,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC boosted its position in shares of ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the last quarter. Allworth Financial LP increased its position in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in ACI Worldwide during the fourth quarter worth about $37,000. State of Wyoming purchased a new position in ACI Worldwide during the second quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in ACI Worldwide by 122.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Up 0.6%

ACI Worldwide stock opened at $46.66 on Friday. The company has a market capitalization of $4.74 billion, a PE ratio of 23.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28. The firm has a 50 day moving average price of $43.52 and a 200 day moving average price of $43.25.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that ACI Worldwide, Inc. will post 2.59 earnings per share for the current year.

ACI Worldwide Company Profile

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.