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

Empowered Funds LLC bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the first quarter, HoldingsChannel reports. The fund bought 10,719 shares of the technology company’s stock, valued at approximately $440,000.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in ACI Worldwide by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after acquiring an additional 249 shares during the period. Allworth Financial LP raised its stake in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of ACI Worldwide by 6.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after purchasing an additional 260 shares during the period. ProShare Advisors LLC lifted its position in shares of ACI Worldwide by 1.4% during the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after purchasing an additional 268 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of ACI Worldwide by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 274 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of recent analyst reports. DA Davidson set a $66.00 price target on shares of ACI Worldwide and gave the company a “buy” rating in a report on Friday. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.00.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $52.24 on Wednesday. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.27 billion, a P/E ratio of 23.96 and a beta of 0.97. The stock has a 50 day moving average of $51.70 and a 200-day moving average of $45.33.

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.