Hillsdale Investment Management Inc. Increases Position in ACI Worldwide, Inc. $ACIW

Hillsdale Investment Management Inc. raised its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 127,800 shares of the technology company’s stock after buying an additional 7,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in ACI Worldwide were worth $5,867,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of ACI Worldwide during the second quarter valued at approximately $653,000. Dynamic Technology Lab Private Ltd bought a new position in ACI Worldwide in the 2nd quarter worth $795,000. Seizert Capital Partners LLC boosted its holdings in ACI Worldwide by 2.3% in the 2nd quarter. Seizert Capital Partners LLC now owns 113,725 shares of the technology company’s stock worth $5,221,000 after buying an additional 2,555 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of ACI Worldwide during the second quarter worth about $209,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of ACI Worldwide by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,932 shares of the technology company’s stock worth $1,236,000 after buying an additional 1,831 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ACI Worldwide in a report on Wednesday. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

ACI Worldwide Trading Up 2.1%

NASDAQ:ACIW opened at $46.61 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $49.82 and a 200-day simple moving average of $47.75. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a market capitalization of $4.80 billion, a P/E ratio of 19.67 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. ACI Worldwide has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

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.