Caitlin John LLC purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 25,161 shares of the technology company’s stock, valued at approximately $1,155,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ACIW. Opal Wealth Advisors LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in ACI Worldwide during the first quarter worth about $25,000. Wayfinding Financial LLC purchased a new position in ACI Worldwide during the first quarter worth about $39,000. Cheviot Value Management LLC purchased a new position in ACI Worldwide during the first quarter worth about $44,000. Finally, Versant Capital Management Inc raised its stake in ACI Worldwide by 121.3% during the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company’s stock worth $48,000 after purchasing an additional 485 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Thursday, July 17th. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Jefferies Financial Group reduced their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.
ACI Worldwide Stock Down 0.5%
Shares of ACI Worldwide stock opened at $50.89 on Monday. The company has a market cap of $5.25 billion, a P/E ratio of 21.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. ACI Worldwide, Inc. has a one year low of $40.45 and a one year high of $59.71. The firm has a fifty day moving average of $46.88 and a two-hundred day moving average of $48.62.
ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company had revenue of $401.26 million during the quarter, compared to the consensus estimate of $380.45 million. During the same quarter in the prior year, the firm earned $0.47 EPS. ACI Worldwide’s quarterly revenue was up 7.4% on a year-over-year basis. ACI Worldwide has set its Q3 2025 guidance at EPS. On average, analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.
ACI Worldwide Profile
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.
Featured Articles
- Five stocks we like better than ACI Worldwide
- What is a buyback in stocks? A comprehensive guide for investors
- 3 Overlooked Value Stocks Set to Surge as Rates Drop
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Hims & Hers Stock Pushes to Highs on Healthcare Rate Cut Frenzy
- High Dividend REITs: Are They an Ideal Way to Diversify?
- After the Fed’s Rate Cut, PNC Could See a Mortgage Refinance Boom
Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report).
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.