Watershed Asset Management L.L.C. Invests $296,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Watershed Asset Management L.L.C. acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,687 shares of the technology company’s stock, valued at approximately $296,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in ACI Worldwide by 3.4% during the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after acquiring an additional 389,424 shares in the last quarter. North Reef Capital Management LP raised its position in ACI Worldwide by 26.3% during the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after acquiring an additional 592,735 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in ACI Worldwide by 0.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock worth $58,485,000 after acquiring an additional 24,272 shares in the last quarter. Reinhart Partners LLC. raised its position in ACI Worldwide by 9.9% during the fourth quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after acquiring an additional 203,348 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in ACI Worldwide by 0.5% during the third quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock worth $42,984,000 after acquiring an additional 8,634 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded up $1.21 on Tuesday, hitting $33.46. The company had a trading volume of 660,214 shares, compared to its average volume of 580,669. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $33.83. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 30.14 and a beta of 1.24. The stock has a 50 day moving average price of $31.92 and a 200 day moving average price of $28.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data 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 the consensus estimate of $476.43 million. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ACIW. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report 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 set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. Finally, Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide has an average rating of “Moderate Buy” and an average target price of $39.00.

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.