Cwm LLC Purchases 1,832 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Cwm LLC grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 138.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,154 shares of the technology company’s stock after acquiring an additional 1,832 shares during the quarter. Cwm LLC’s holdings in ACI Worldwide were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ACIW. Swedbank AB purchased a new position in shares of ACI Worldwide in the first quarter valued at $3,321,000. GSA Capital Partners LLP bought a new position in ACI Worldwide during the first quarter valued at $846,000. CANADA LIFE ASSURANCE Co grew its stake in shares of ACI Worldwide by 26.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after buying an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of ACI Worldwide by 140.3% in the 1st quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after buying an additional 36,261 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after buying an additional 180,600 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

ACIW stock opened at $49.17 on Thursday. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $53.29. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 29.09 and a beta of 1.19. The business’s fifty day simple moving average is $49.60 and its two-hundred day simple moving average is $41.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ACIW shares. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Canaccord Genuity Group increased their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson raised their price target on ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

About ACI Worldwide

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.