Los Angeles Capital Management LLC Has $1.50 Million Holdings in ACI Worldwide, Inc. $ACIW

Los Angeles Capital Management LLC increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 95.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,632 shares of the technology company’s stock after acquiring an additional 15,937 shares during the period. Los Angeles Capital Management LLC’s holdings in ACI Worldwide were worth $1,498,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ACIW. Invesco Ltd. grew its stake in ACI Worldwide by 0.7% in the 1st quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company’s stock valued at $110,930,000 after buying an additional 14,278 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of ACI Worldwide by 7.0% in the first quarter. Alliancebernstein L.P. now owns 1,917,346 shares of the technology company’s stock valued at $104,898,000 after purchasing an additional 126,169 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of ACI Worldwide by 132.9% in the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock valued at $85,986,000 after purchasing an additional 896,564 shares during the last quarter. American Century Companies Inc. increased its stake in shares of ACI Worldwide by 24.5% in the first quarter. American Century Companies Inc. now owns 1,251,707 shares of the technology company’s stock worth $68,481,000 after purchasing an additional 246,228 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of ACI Worldwide by 35.0% during the 1st quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company’s stock worth $53,186,000 after purchasing an additional 252,113 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Up 1.1%

ACIW opened at $48.00 on Wednesday. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $59.71. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 20.25 and a beta of 1.09. The firm’s 50-day simple moving average is $50.41 and its 200-day simple moving average is $48.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. ACI Worldwide has set its FY 2025 guidance at EPS. Equities research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of several research analyst reports. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Thursday, July 17th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.