Hsbc Holdings PLC Boosts Holdings in ACI Worldwide, Inc. $ACIW

Hsbc Holdings PLC lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 573.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,116 shares of the technology company’s stock after purchasing an additional 178,916 shares during the period. Hsbc Holdings PLC’s holdings in ACI Worldwide were worth $10,085,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after buying an additional 372 shares during the period. Allworth Financial LP grew its stake in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after acquiring an additional 257 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of ACI Worldwide during the fourth quarter worth $37,000. State of Wyoming purchased a new stake in shares of ACI Worldwide during the second quarter worth $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of ACI Worldwide by 122.1% in the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after acquiring an additional 519 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ACIW shares. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Up 0.6%

ACIW opened at $46.66 on Friday. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $54.28. The company has a market cap of $4.74 billion, a P/E ratio of 23.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The business’s 50-day simple moving average is $43.52 and its 200-day simple moving average is $43.25.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. The business had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. As a group, equities research analysts expect that ACI Worldwide, Inc. will post 2.59 EPS for the current fiscal year.

About ACI Worldwide

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.