Thrivent Financial for Lutherans Has $3.91 Million Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Thrivent Financial for Lutherans reduced its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,873 shares of the technology company’s stock after selling 7,148 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of ACI Worldwide worth $3,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares during the period. EntryPoint Capital LLC lifted its stake in ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock valued at $234,000 after buying an additional 478 shares during the period. Swiss National Bank boosted its holdings in ACI Worldwide by 0.3% during the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock worth $7,127,000 after buying an additional 600 shares during the last quarter. Fifth Third Bancorp grew its position in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after buying an additional 624 shares during the period. Finally, NBC Securities Inc. increased its stake in shares of ACI Worldwide by 2.9% in the 1st quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock valued at $816,000 after acquiring an additional 689 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Up 1.5 %

Shares of ACIW stock opened at $50.23 on Friday. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $51.00. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $47.22 and a 200-day moving average of $39.50. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 37.49 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The firm had revenue of $373.48 million during the quarter, compared to analysts’ expectations of $349.95 million. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. As a group, equities research analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

ACI Worldwide declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 13th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to purchase up to 8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACIW. DA Davidson lifted their price objective on shares of ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Canaccord Genuity Group lifted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.