Quantbot Technologies LP Increases Position in ACI Worldwide, Inc. $ACIW

Quantbot Technologies LP increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 217.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,683 shares of the technology company’s stock after purchasing an additional 40,176 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of ACI Worldwide worth $3,097,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after purchasing an additional 214 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of ACI Worldwide by 13.5% in the 2nd 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 during the last quarter. Profund Advisors LLC grew its position in shares of ACI Worldwide by 5.9% in the 2nd quarter. Profund Advisors LLC now owns 5,233 shares of the technology company’s stock worth $240,000 after buying an additional 293 shares during the last quarter. Arizona State Retirement System raised its stake in shares of ACI Worldwide by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 31,028 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 293 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in ACI Worldwide by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $40.35 on Tuesday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 18.59 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. The stock’s fifty day moving average price is $43.58 and its 200 day moving average price is $47.09. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $58.14.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The firm had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.