WCM Investment Management LLC Grows Stake in ACI Worldwide, Inc. $ACIW

WCM Investment Management LLC grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 16.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 516,342 shares of the technology company’s stock after acquiring an additional 74,085 shares during the period. WCM Investment Management LLC’s holdings in ACI Worldwide were worth $20,814,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after buying an additional 249 shares in the last quarter. Allworth Financial LP lifted its position in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after purchasing an additional 260 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of ACI Worldwide by 1.4% in the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after purchasing an additional 268 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of ACI Worldwide by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company’s stock valued at $1,126,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the topic of several research analyst reports. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. DA Davidson raised their target price on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ACI Worldwide has a consensus rating of “Hold” and an average price target of $64.00.

ACI Worldwide Stock Performance

ACIW opened at $58.07 on Monday. The firm has a market cap of $5.90 billion, a P/E ratio of 29.18 and a beta of 0.98. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $60.17. The company has a 50 day simple moving average of $47.01 and a two-hundred day simple moving average of $44.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current fiscal year.

About ACI Worldwide

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.