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

Hillsdale Investment Management Inc. increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 27.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,400 shares of the technology company’s stock after acquiring an additional 35,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in ACI Worldwide were worth $7,956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after buying an additional 97,206 shares during the period. NewEdge Advisors LLC boosted its position in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after buying an additional 711 shares during the period. Caxton Associates LLP purchased a new stake in ACI Worldwide during the first quarter valued at about $259,000. Empowered Funds LLC boosted its position in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after buying an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ACI Worldwide by 13.7% during 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 buying an additional 48,988 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $43.67 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $43.63. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 21.94 and a beta of 1.01. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The company had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities analysts forecast that ACI Worldwide, Inc. will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ACIW shares. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research lowered shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Finally, DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of “Hold” and a consensus price target of $60.00.

Insider Transactions at ACI Worldwide

In other news, Director Juan Benitez II bought 2,400 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the acquisition, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This trade represents a 16.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Adalio T. Sanchez bought 3,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of $40.98 per share, with a total value of $122,940.00. Following the completion of the acquisition, the director owned 64,378 shares of the company’s stock, valued at $2,638,210.44. This trade represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.10% of the company’s stock.

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.