Renaissance Technologies LLC Raises Position in ACI Worldwide, Inc. $ACIW

Renaissance Technologies LLC lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1,875.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 350,333 shares of the technology company’s stock after acquiring an additional 332,600 shares during the period. Renaissance Technologies LLC’s holdings in ACI Worldwide were worth $14,367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Jefferson Bridge Capital LLC purchased a new position in ACI Worldwide in the 4th quarter worth approximately $1,176,000. WCM Investment Management LLC boosted its stake in ACI Worldwide by 16.8% during the 1st quarter. WCM Investment Management LLC now owns 516,342 shares of the technology company’s stock valued at $20,814,000 after purchasing an additional 74,085 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in ACI Worldwide by 27.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 166,400 shares of the technology company’s stock valued at $7,956,000 after purchasing an additional 35,700 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of ACI Worldwide in the 4th quarter worth $3,290,000. Finally, Fifth Third Bancorp increased its holdings in shares of ACI Worldwide by 6,606.3% in the 1st quarter. Fifth Third Bancorp now owns 56,266 shares of the technology company’s stock worth $2,308,000 after purchasing an additional 55,427 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Down 0.6%

NASDAQ:ACIW opened at $57.33 on Friday. The company has a market cap of $5.83 billion, a PE ratio of 28.81 and a beta of 0.98. 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 has a 50 day simple moving average of $50.02 and a two-hundred day simple moving average of $44.78. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ACIW shares. DA Davidson increased their price objective on ACI Worldwide from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. 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 upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One investment analyst has 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 currently has a consensus rating of “Hold” and a consensus price target of $64.00.

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.