Los Angeles Capital Management LLC Grows Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Los Angeles Capital Management LLC boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 42.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 31,990 shares of the technology company’s stock after purchasing an additional 9,522 shares during the period. Los Angeles Capital Management LLC’s holdings in ACI Worldwide were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after buying an additional 431 shares during the last quarter. EntryPoint Capital LLC increased its position in ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after buying an additional 478 shares during the last quarter. Swiss National Bank increased its position in ACI Worldwide by 0.3% in the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock worth $7,127,000 after buying an additional 600 shares during the last quarter. Fifth Third Bancorp increased its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after buying an additional 624 shares during the last quarter. Finally, NBC Securities Inc. increased its position in ACI Worldwide by 2.9% in the first quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock worth $816,000 after buying an additional 689 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ACIW. Canaccord Genuity Group raised their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. DA Davidson raised their price target on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.50.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $47.03 on Thursday. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 35.10 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $19.56 and a 52-week high of $50.52. The stock has a fifty day moving average of $45.09 and a 200 day moving average of $38.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million during the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. On average, research analysts expect that ACI Worldwide, Inc. will post 1.95 EPS for the current fiscal year.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.