ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,936 shares of the technology company’s stock after buying an additional 11,638 shares during the quarter. Sei Investments Co. owned about 0.41% of ACI Worldwide worth $16,942,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC raised its holdings in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC lifted its position in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,143 shares during the period. Innealta Capital LLC bought a new position in ACI Worldwide during the 2nd quarter valued at $154,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of ACI Worldwide during the 2nd quarter valued at $166,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ACI Worldwide Trading Up 0.6 %

NASDAQ:ACIW opened at $49.47 on Friday. The stock has a fifty day simple moving average of $47.04 and a 200 day simple moving average of $39.32. 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 market capitalization of $5.18 billion, a price-to-earnings ratio of 36.92 and a beta of 1.19. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $51.00.

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

ACI Worldwide announced that its board has initiated a share buyback plan on Thursday, June 13th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to buy up to 8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

ACI Worldwide Profile

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.