MQS Management LLC bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,944 shares of the technology company’s stock, valued at approximately $227,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Hohimer Wealth Management LLC increased its stake in ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company’s stock valued at $271,000 after purchasing an additional 197 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in ACI Worldwide by 5.0% in the first quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company’s stock valued at $237,000 after purchasing an additional 207 shares during the last quarter. HighTower Advisors LLC increased its stake in ACI Worldwide by 1.4% in the first quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company’s stock valued at $861,000 after purchasing an additional 212 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in ACI Worldwide by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 30,828 shares of the technology company’s stock valued at $1,415,000 after purchasing an additional 223 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in ACI Worldwide by 0.9% in the second quarter. Yousif Capital Management LLC now owns 39,266 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 335 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.
ACI Worldwide Price Performance
ACIW stock opened at $50.21 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $59.71. The firm has a market cap of $5.18 billion, a P/E ratio of 21.19 and a beta of 1.05. The stock has a 50-day simple moving average of $50.48 and a 200-day simple moving average of $48.34.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ACIW shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Stephens upgraded ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Thursday, July 17th. Zacks Research lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.00.
View Our Latest Analysis on ACIW
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.
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