Bessemer Group Inc. Increases Stock Holdings in ACI Worldwide, Inc. $ACIW

Bessemer Group Inc. lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 43.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,565 shares of the technology company’s stock after buying an additional 38,756 shares during the quarter. Bessemer Group Inc.’s holdings in ACI Worldwide were worth $5,273,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in ACI Worldwide by 160.4% in the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP purchased a new stake in shares of ACI Worldwide in the first quarter worth $259,000. Empowered Funds LLC raised its position in shares of ACI Worldwide by 64.2% in the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after buying an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after buying an additional 48,988 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $56.87 on Tuesday. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $60.17. The company has a fifty day moving average of $47.30 and a 200-day moving average of $44.09. The company has a market capitalization of $5.78 billion, a P/E ratio of 28.58 and a beta of 0.98. 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 (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating 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 business had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 2.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ACIW. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. DA Davidson boosted their price objective on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.00.

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.