AtonRa Partners Has $378,000 Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

AtonRa Partners reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,340 shares of the technology company’s stock after selling 2,236 shares during the period. AtonRa Partners’ holdings in ACI Worldwide were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC boosted its position in ACI Worldwide by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after acquiring an additional 444 shares during the last quarter. Arizona State Retirement System boosted its holdings in ACI Worldwide by 1.6% during the third quarter. Arizona State Retirement System now owns 30,842 shares of the technology company’s stock worth $696,000 after purchasing an additional 476 shares during the last quarter. Covestor Ltd grew its position in ACI Worldwide by 136.6% in the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after purchasing an additional 818 shares in the last quarter. Strs Ohio increased its position in shares of ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in ACI Worldwide by 4.1% in the third quarter. Glenmede Trust Co. NA now owns 31,092 shares of the technology company’s stock valued at $701,000 after purchasing an additional 1,216 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. DA Davidson reaffirmed a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a report on Thursday, March 14th. Finally, Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Stock Performance

Shares of ACIW traded down $0.20 during trading hours on Monday, hitting $33.10. The company had a trading volume of 334,183 shares, compared to its average volume of 574,889. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 29.82 and a beta of 1.24. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $33.83. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average of $32.08 and a 200-day moving average of $29.11.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. During the same period last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal year.

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.