Empowered Funds LLC Takes $440,000 Position in ACI Worldwide, Inc. $ACIW

Empowered Funds LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,719 shares of the technology company’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares during the period. NewEdge Advisors LLC grew its position in shares of ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP acquired a new position in ACI Worldwide in the first quarter valued at $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in ACI Worldwide by 13.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in ACI Worldwide by 73.7% during the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock worth $48,000 after buying an additional 370 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the subject of several recent analyst reports. DA Davidson set a $66.00 price target on ACI Worldwide and gave the company a “buy” rating in a report on Friday. Wall Street Zen cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. 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 analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.00.

ACI Worldwide Trading Down 1.2%

Shares of ACIW stock opened at $52.24 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08. The firm’s 50 day moving average price is $51.70 and its two-hundred day moving average price is $45.33. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 23.96 and a beta of 0.97.

ACI Worldwide Company Profile

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.