Segall Bryant & Hamill LLC Buys 297,542 Shares of ACI Worldwide, Inc. $ACIW

Segall Bryant & Hamill LLC lifted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 344.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 383,817 shares of the technology company’s stock after acquiring an additional 297,542 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ACI Worldwide were worth $20,254,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in ACI Worldwide by 106.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after purchasing an additional 323 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of ACI Worldwide by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after buying an additional 298 shares in the last quarter. State of Wyoming acquired a new position in ACI Worldwide during the second quarter worth $37,000. Finally, Salomon & Ludwin LLC bought a new stake in ACI Worldwide during the third quarter worth $39,000. 94.73% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 2.6%

ACIW opened at $41.41 on Wednesday. The stock’s fifty day simple moving average is $43.43 and its 200 day simple moving average is $47.06. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $57.49. The stock has a market cap of $4.21 billion, a PE ratio of 19.08 and a beta of 1.07. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. ACI Worldwide’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, research analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.