Oppenheimer Asset Management Inc. Invests $917,000 in ACI Worldwide, Inc. $ACIW

Oppenheimer Asset Management Inc. acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,225 shares of the technology company’s stock, valued at approximately $917,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in ACI Worldwide by 8.2% in the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock worth $124,000 after purchasing an additional 230 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after buying an additional 249 shares during the last quarter. Allworth Financial LP raised its stake in 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 last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of 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 buying an additional 260 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of ACI Worldwide by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after buying an additional 268 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $53.44 on Monday. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $5.40 billion, a P/E ratio of 24.51 and a beta of 0.97. The stock’s 50-day moving average price is $52.36 and its 200-day moving average price is $45.52.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACIW. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. DA Davidson set a $66.00 target price on ACI Worldwide and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.00.

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.