Abel Hall LLC Takes Position in ACI Worldwide, Inc. $ACIW

Abel Hall LLC purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the first quarter, HoldingsChannel reports. The firm purchased 11,192 shares of the technology company’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in ACI Worldwide by 79.6% in the 3rd quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock valued at $509,726,000 after buying an additional 4,280,684 shares during the period. Alliancebernstein L.P. boosted its stake in ACI Worldwide by 4.8% during the third quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock worth $123,277,000 after buying an additional 107,993 shares during the period. Morgan Stanley increased its position in shares of ACI Worldwide by 6.0% during the fourth quarter. Morgan Stanley now owns 2,188,415 shares of the technology company’s stock valued at $104,628,000 after acquiring an additional 123,928 shares during the last quarter. North Reef Capital Management LP increased its position in shares of ACI Worldwide by 10.4% during the fourth quarter. North Reef Capital Management LP now owns 1,970,000 shares of the technology company’s stock valued at $94,186,000 after acquiring an additional 186,149 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of ACI Worldwide by 90.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock valued at $86,851,000 after acquiring an additional 861,779 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.9%

Shares of NASDAQ ACIW opened at $55.93 on Tuesday. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $56.30. The stock has a market cap of $5.69 billion, a P/E ratio of 28.11 and a beta of 0.98. 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 business’s fifty day simple moving average is $44.75 and its 200-day simple moving average is $43.54.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results 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. The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.ACI Worldwide’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. As a group, equities analysts predict that ACI Worldwide, Inc. will post 2.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide 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.