Millennium Management LLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 710.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 94,542 shares of the technology company’s stock after acquiring an additional 82,875 shares during the quarter. Millennium Management LLC’s holdings in ACI Worldwide were worth $3,743,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC increased its position in shares of 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 buying an additional 431 shares during the period. CWM LLC lifted its holdings in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares during the period. Innealta Capital LLC bought a new stake in ACI Worldwide during the second quarter valued at $154,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of ACI Worldwide in the 2nd quarter worth about $166,000. Institutional investors own 94.74% of the company’s stock.
ACI Worldwide Stock Performance
Shares of ACIW stock opened at $52.66 on Monday. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $52.72. The company has a market cap of $5.51 billion, a P/E ratio of 31.16 and a beta of 1.19. The firm has a 50-day moving average of $48.79 and a 200-day moving average of $40.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32.
Analyst Ratings Changes
Several brokerages recently issued reports on ACIW. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson boosted their price objective on ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Canaccord Genuity Group increased their target price on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.50.
Read Our Latest Report on ACIW
ACI Worldwide Company 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.
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