WINTON GROUP Ltd Makes New Investment in ACI Worldwide, Inc. $ACIW

WINTON GROUP Ltd bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 123,588 shares of the technology company’s stock, valued at approximately $5,909,000.

A number of other hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of ACI Worldwide by 51.9% in the 3rd quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after purchasing an additional 214 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $96,000 after purchasing an additional 249 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of ACI Worldwide by 6.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after purchasing an additional 260 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of ACI Worldwide by 1.4% in the 4th 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ACIW shares. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Trading Up 1.0%

NASDAQ:ACIW opened at $42.80 on Friday. The business’s 50-day moving average is $42.51 and its two-hundred day moving average is $43.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $54.28. The firm has a market capitalization of $4.35 billion, a PE ratio of 21.51 and a beta of 1.00.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. The business had revenue of $425.75 million for the quarter, compared to the consensus estimate of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Research analysts predict that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

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.