Norges Bank Invests $47.64 Million in ACI Worldwide, Inc. $ACIW

Norges Bank acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,037,701 shares of the technology company’s stock, valued at approximately $47,641,000.

A number of other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in ACI Worldwide by 5.0% in the first quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company’s stock valued at $237,000 after buying an additional 207 shares during the last quarter. HighTower Advisors LLC grew its position in shares of ACI Worldwide by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company’s stock worth $861,000 after acquiring an additional 212 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of ACI Worldwide by 0.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company’s stock valued at $1,415,000 after acquiring an additional 223 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 acquiring an additional 249 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in ACI Worldwide by 5.9% during the second quarter. Profund Advisors LLC now owns 5,233 shares of the technology company’s stock worth $240,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Down 0.9%

ACI Worldwide stock opened at $45.91 on Friday. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $58.14. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 18.51 and a beta of 1.09. The company’s 50-day moving average price is $48.91 and its two-hundred day moving average price is $47.53. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. On average, analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 1st. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the sale, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. The trade was a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

ACI Worldwide Company Profile

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.