Rice Hall James & Associates LLC Acquires 96,130 Shares of ACI Worldwide, Inc. $ACIW

Rice Hall James & Associates LLC raised its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 10.7% in the third quarter, Holdings Channel reports. The fund owned 996,565 shares of the technology company’s stock after purchasing an additional 96,130 shares during the quarter. ACI Worldwide accounts for approximately 2.9% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 2nd largest holding. Rice Hall James & Associates LLC’s holdings in ACI Worldwide were worth $52,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of ACI Worldwide by 41,500.0% during the third quarter. Blue Trust Inc. now owns 1,248 shares of the technology company’s stock worth $66,000 after buying an additional 1,245 shares during the last quarter. CWM LLC boosted its holdings in shares of ACI Worldwide by 353.2% during the 3rd quarter. CWM LLC now owns 19,540 shares of the technology company’s stock valued at $1,031,000 after acquiring an additional 15,228 shares in the last quarter. Swedbank AB increased its holdings in ACI Worldwide by 18.4% in the 3rd quarter. Swedbank AB now owns 474,446 shares of the technology company’s stock worth $25,037,000 after purchasing an additional 73,800 shares in the last quarter. OLD National Bancorp IN bought a new position in ACI Worldwide in the third quarter valued at about $280,000. Finally, Kopion Asset Management LLC raised its position in ACI Worldwide by 56.3% in the third quarter. Kopion Asset Management LLC now owns 126,437 shares of the technology company’s stock valued at $6,672,000 after purchasing an additional 45,566 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $48.73 on Friday. The stock’s 50 day moving average is $47.75 and its 200-day moving average is $47.67. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $58.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.65 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. Sell-side analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACIW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the sale, the chief technology officer directly owned 96,897 shares of the company’s stock, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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.