Value Holdings Management CO. LLC Makes New Investment in ACI Worldwide, Inc. $ACIW

Value Holdings Management CO. LLC purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 360,900 shares of the technology company’s stock, valued at approximately $18,150,000. ACI Worldwide makes up 3.0% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new position in ACI Worldwide in the 2nd quarter worth approximately $275,000. BlackRock Inc. bought a new stake in shares of ACI Worldwide in the 2nd quarter worth $823,821,000. Deutsche Bank AG bought a new stake in shares of ACI Worldwide in the 2nd quarter worth $5,600,000. Rice Hall James & Associates LLC purchased a new position in shares of ACI Worldwide in the second quarter worth $50,622,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ACI Worldwide in the 2nd quarter worth about $311,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $51.57 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $5.21 billion, a P/E ratio of 23.66 and a beta of 0.97. The firm’s fifty day moving average is $53.05 and its two-hundred day moving average is $45.75. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $61.08.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACIW. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson set a $66.00 price objective on shares of ACI Worldwide and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.