Assenagon Asset Management S.A. Purchases 285,001 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Assenagon Asset Management S.A. increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 144.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482,740 shares of the technology company’s stock after buying an additional 285,001 shares during the period. Assenagon Asset Management S.A. owned about 0.46% of ACI Worldwide worth $24,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of ACI Worldwide by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after buying an additional 1,228,384 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in ACI Worldwide by 11.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock worth $6,690,000 after purchasing an additional 20,364 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of ACI Worldwide by 8.9% during the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock worth $3,047,000 after purchasing an additional 7,466 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock valued at $383,000 after purchasing an additional 3,307 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of ACI Worldwide in the 1st quarter worth $846,000. Institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ACIW. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Canaccord Genuity Group upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, DA Davidson upped their target price on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Down 0.4 %

NASDAQ:ACIW opened at $48.80 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. The company’s fifty day moving average price is $49.66 and its 200-day moving average price is $42.02. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $53.29. The firm has a market capitalization of $5.15 billion, a P/E ratio of 36.42 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to the consensus estimate 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 anticipate that ACI Worldwide, Inc. will post 1.96 EPS for the current year.

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.