Jupiter Topco LLC Invests $16.94 Million in ACI Worldwide, Inc. $ACIW

Jupiter Topco LLC purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the second quarter, Holdings Channel.com reports. The firm purchased 336,864 shares of the technology company’s stock, valued at approximately $16,941,000.

Several other hedge funds have also made changes to their positions in the company. 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 purchasing an additional 257 shares during the period. Farther Finance Advisors LLC boosted its position in shares of ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after buying an additional 372 shares during the period. Essential Partners LLC boosted its position in shares of ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after buying an additional 327 shares during the period. State of Wyoming purchased a new position in shares of ACI Worldwide during the second quarter valued at $37,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of ACI Worldwide by 73.7% during the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 0.7%

NASDAQ ACIW opened at $53.83 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $61.08. The firm’s fifty day simple moving average is $54.04 and its 200-day simple moving average is $46.21. The company has a market capitalization of $5.43 billion, a PE ratio of 24.69 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. DA Davidson set a $66.00 target price on ACI Worldwide and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, ACI Worldwide currently has an average rating of “Buy” 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.