Assenagon Asset Management S.A. Has $3.88 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Assenagon Asset Management S.A. reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 83.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,697 shares of the technology company’s stock after selling 631,367 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of ACI Worldwide worth $3,877,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ACIW. Fred Alger Management LLC boosted its holdings in shares of ACI Worldwide by 456.9% during the first quarter. Fred Alger Management LLC now owns 2,094,892 shares of the technology company’s stock worth $56,520,000 after purchasing an additional 1,718,703 shares during the period. Norges Bank acquired a new stake in shares of ACI Worldwide during the fourth quarter worth approximately $28,083,000. Morgan Stanley boosted its holdings in shares of ACI Worldwide by 85.5% during the fourth quarter. Morgan Stanley now owns 2,246,479 shares of the technology company’s stock worth $51,669,000 after purchasing an additional 1,035,332 shares during the period. North Reef Capital Management LP boosted its holdings in shares of ACI Worldwide by 26.3% during the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after purchasing an additional 592,735 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of ACI Worldwide by 111.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,023,921 shares of the technology company’s stock worth $32,243,000 after purchasing an additional 539,390 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. DA Davidson reiterated a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a research note on Thursday, March 14th. Finally, Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Trading Down 2.5 %

NASDAQ:ACIW opened at $32.39 on Tuesday. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $33.56. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 29.18 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $31.21 and its 200-day moving average is $27.65.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The company had revenue of $477.00 million for the quarter, compared to analyst estimates of $476.43 million. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that ACI Worldwide, Inc. will post 1.91 EPS for the current year.

About ACI Worldwide

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.