River Road Asset Management LLC Increases Stake in ACI Worldwide, Inc. $ACIW

River Road Asset Management LLC lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,605 shares of the technology company’s stock after acquiring an additional 23,832 shares during the quarter. River Road Asset Management LLC owned 0.26% of ACI Worldwide worth $12,794,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in ACI Worldwide by 31.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789 shares of the technology company’s stock valued at $133,000 after purchasing an additional 670 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of ACI Worldwide by 12.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the technology company’s stock worth $501,000 after purchasing an additional 1,119 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of ACI Worldwide by 90.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after purchasing an additional 861,779 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of ACI Worldwide during the fourth quarter valued at approximately $1,501,000. Finally, Twinbeech Capital LP bought a new position in shares of ACI Worldwide during the fourth quarter valued at approximately $382,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACIW. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Zacks Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $44.09 on Friday. The business’s fifty day simple moving average is $43.16 and its 200-day simple moving average is $43.31. The company has a market cap of $4.48 billion, a PE ratio of 22.16 and a beta of 1.00. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. During the same quarter last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.