ACI Worldwide, Inc. $ACIW Shares Acquired by London Co. of Virginia

London Co. of Virginia lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,680,581 shares of the technology company’s stock after purchasing an additional 278,744 shares during the quarter. London Co. of Virginia’s holdings in ACI Worldwide were worth $68,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP raised its position in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of ACI Worldwide during the 4th quarter worth approximately $37,000. State of Wyoming bought a new stake in shares of ACI Worldwide in the 2nd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its position in ACI Worldwide by 122.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ACIW. Wall Street Zen upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings raised shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, DA Davidson upped their price target on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

ACI Worldwide Stock Up 3.3%

Shares of ACI Worldwide stock opened at $56.31 on Friday. The business’s fifty day moving average price is $48.43 and its two-hundred day moving average price is $44.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $5.72 billion, a P/E ratio of 28.30 and a beta of 0.98. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $60.17.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that ACI Worldwide, Inc. will post 2.69 EPS for the current 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.