Assenagon Asset Management S.A. Has $16.66 Million Holdings in ACI Worldwide, Inc. $ACIW

Assenagon Asset Management S.A. lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,227 shares of the technology company’s stock after selling 375,241 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.40% of ACI Worldwide worth $16,659,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after buying an additional 372 shares in the last quarter. Allworth Financial LP boosted its stake in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of ACI Worldwide during the 4th quarter valued at $37,000. State of Wyoming purchased a new position in shares of ACI Worldwide during the 2nd quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ACI Worldwide by 122.1% in the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock worth $43,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $49.26 on Friday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 24.75 and a beta of 1.00. The company’s fifty day moving average is $43.65 and its 200-day moving average is $43.30. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACIW shares. Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research report on Monday, May 11th. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.