Norges Bank Takes $54.74 Million Position in ACI Worldwide, Inc. $ACIW

Norges Bank acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,144,849 shares of the technology company’s stock, valued at approximately $54,735,000.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in ACI Worldwide by 79.6% in the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after buying an additional 4,280,684 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of ACI Worldwide by 4.8% during the third quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company’s stock worth $123,277,000 after acquiring an additional 107,993 shares in the last quarter. London Co. of Virginia raised its stake in shares of ACI Worldwide by 91.0% during the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after acquiring an additional 825,671 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ACI Worldwide by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,677,338 shares of the technology company’s stock worth $77,004,000 after acquiring an additional 105,975 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of ACI Worldwide by 879.8% in the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after purchasing an additional 1,284,419 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $42.80 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $42.51 and its two-hundred day simple moving average is $43.46. The company has a market cap of $4.35 billion, a P/E ratio of 21.51 and a beta of 1.00. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. Research analysts anticipate that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Finally, Wall Street Zen raised ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide 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.