Tygh Capital Management Inc. Increases Holdings in ACI Worldwide, Inc. (ACIW)
Tygh Capital Management Inc. boosted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 58.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 391,905 shares of the technology company’s stock after acquiring an additional 144,582 shares during the quarter. ACI Worldwide accounts for about 1.8% of Tygh Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Tygh Capital Management Inc. owned 0.33% of ACI Worldwide worth $8,928,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stevens Capital Management LP boosted its position in ACI Worldwide by 34.7% during the 3rd quarter. Stevens Capital Management LP now owns 48,798 shares of the technology company’s stock worth $1,112,000 after acquiring an additional 12,567 shares during the period. Palisade Capital Management LLC NJ boosted its position in ACI Worldwide by 4.2% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 1,145,646 shares of the technology company’s stock worth $26,098,000 after acquiring an additional 46,183 shares during the period. Bridge City Capital LLC boosted its position in ACI Worldwide by 8.7% during the 3rd quarter. Bridge City Capital LLC now owns 36,030 shares of the technology company’s stock worth $821,000 after acquiring an additional 2,876 shares during the period. Public Employees Retirement Association of Colorado boosted its position in ACI Worldwide by 9.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 945,341 shares of the technology company’s stock worth $21,535,000 after acquiring an additional 80,638 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in ACI Worldwide during the 3rd quarter worth about $683,000.
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In other ACI Worldwide news, CEO Philip G. Heasley acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $21.32 per share, with a total value of $106,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.
ACIW has been the subject of a number of research reports. BidaskClub lowered ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, DA Davidson began coverage on ACI Worldwide in a report on Thursday, August 31st. They set a “buy” rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. ACI Worldwide currently has an average rating of “Hold” and an average target price of $26.00.
Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded down $0.49 during trading on Tuesday, hitting $23.01. The stock had a trading volume of 357,702 shares, compared to its average volume of 386,106. The firm has a market cap of $2,786.61, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 3.91 and a beta of 1.32. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87. ACI Worldwide, Inc. has a fifty-two week low of $16.81 and a fifty-two week high of $25.00.
ACI Worldwide Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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