26,569 Shares in ACI Worldwide, Inc. $ACIW Bought by SEB Asset Management AB

SEB Asset Management AB acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 1st quarter, Holdings Channel.com reports. The fund acquired 26,569 shares of the technology company’s stock, valued at approximately $1,090,000.

A number of other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP lifted its stake in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the last quarter. State of Wyoming purchased a new position in shares of ACI Worldwide during the second quarter valued at approximately $37,000. Eagle Bay Advisors LLC purchased a new position in shares of ACI Worldwide during the fourth quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after buying an additional 519 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. DA Davidson lifted their target price on ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.00.

ACI Worldwide Trading Down 0.3%

ACIW opened at $54.53 on Friday. The stock’s fifty day moving average is $48.14 and its two-hundred day moving average is $44.26. The company has a market capitalization of $5.54 billion, a P/E ratio of 27.40 and a beta of 0.98. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $60.17. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. During the same period in the previous year, the company posted $0.51 EPS. ACI Worldwide’s revenue was up 7.9% on a year-over-year basis. Analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current 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.