4,825 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Violich Capital Management Inc.

Violich Capital Management Inc. acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,825 shares of the technology company’s stock, valued at approximately $246,000.

Several other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of ACI Worldwide by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after buying an additional 469 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock valued at $234,000 after buying an additional 478 shares during the period. Swiss National Bank raised its holdings in shares of ACI Worldwide by 0.3% in the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock valued at $7,127,000 after acquiring an additional 600 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Trading Down 2.5 %

ACIW opened at $50.66 on Monday. The stock has a market capitalization of $5.30 billion, a PE ratio of 29.98 and a beta of 1.19. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $53.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50 day moving average price is $49.45 and its 200 day moving average price is $41.51.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The business had revenue of $373.48 million during the quarter, compared to analysts’ expectations of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. As a group, equities research analysts expect that ACI Worldwide, Inc. will post 1.96 EPS for the current year.

Analyst Upgrades and Downgrades

ACIW has been the topic of several research reports. DA Davidson lifted their price objective on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group raised their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.75.

ACI Worldwide Profile

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.