Ieq Capital LLC Invests $1.53 Million in ACI Worldwide, Inc. $ACIW

Ieq Capital LLC acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,500 shares of the technology company’s stock, valued at approximately $1,534,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after buying an additional 97,206 shares during the period. NewEdge Advisors LLC raised its position in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after acquiring an additional 711 shares during the period. Caxton Associates LLP acquired a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $259,000. Empowered Funds LLC boosted its stake in ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after acquiring an additional 6,399 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares during the period. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACIW. Zacks Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. DA Davidson set a $66.00 price objective on ACI Worldwide and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, ACI Worldwide has an average rating of “Buy” and an average target price of $66.00.

ACI Worldwide Stock Performance

ACIW opened at $53.04 on Thursday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.33 and a beta of 0.97. The business’s 50-day moving average price is $53.64 and its two-hundred day moving average price is $46.07. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $61.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58.

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.