Rice Hall James & Associates LLC Acquires Shares of 1,006,595 ACI Worldwide, Inc. $ACIW

Rice Hall James & Associates LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,006,595 shares of the technology company’s stock, valued at approximately $50,622,000. ACI Worldwide accounts for about 2.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 2nd biggest position.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in ACI Worldwide by 8.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock valued at $124,000 after buying an additional 230 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after acquiring an additional 249 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of ACI Worldwide by 6.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after acquiring an additional 260 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of ACI Worldwide by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Down 2.5%

Shares of ACIW opened at $52.13 on Tuesday. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08. The firm’s 50 day moving average is $52.55 and its 200-day moving average is $45.57. The stock has a market capitalization of $5.26 billion, a PE ratio of 23.91 and a beta of 0.97. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

ACIW has been the topic of a number of recent research reports. Weiss Ratings upgraded ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, DA Davidson set a $66.00 price objective on ACI Worldwide and gave the stock a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Hold” and an average target price of $66.00.

ACI Worldwide Company 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.