Vise Technologies Inc. Makes New $216,000 Investment in ACI Worldwide, Inc. $ACIW

Vise Technologies Inc. acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,698 shares of the technology company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of ACI Worldwide by 132.9% during the first quarter. Ameriprise Financial Inc. now owns 1,571,363 shares of the technology company’s stock worth $85,986,000 after purchasing an additional 896,564 shares during the last quarter. Nuveen LLC acquired a new stake in ACI Worldwide during the 1st quarter worth about $25,267,000. MetLife Investment Management LLC lifted its holdings in shares of ACI Worldwide by 437.1% in the 1st quarter. MetLife Investment Management LLC now owns 340,359 shares of the technology company’s stock valued at $18,621,000 after buying an additional 276,985 shares during the period. Voya Investment Management LLC boosted its stake in shares of ACI Worldwide by 35.0% in the first quarter. Voya Investment Management LLC now owns 972,141 shares of the technology company’s stock worth $53,186,000 after buying an additional 252,113 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 buying an additional 246,228 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $46.26 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $4.77 billion, a PE ratio of 19.52 and a beta of 1.09. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $59.71. The company has a fifty day moving average of $50.07 and a two-hundred day moving average of $47.83.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The business had revenue of $482.36 million during the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. ACI Worldwide has set its FY 2025 guidance at EPS. As a group, research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, November 13th. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a research report on Thursday, October 16th. Finally, Wall Street Zen downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.