Healthcare of Ontario Pension Plan Trust Fund Has $2.50 Million Stock Holdings in ACI Worldwide, Inc. $ACIW

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 38.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,972 shares of the technology company’s stock after selling 37,886 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ACI Worldwide were worth $2,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its stake in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after acquiring an additional 97,206 shares in the last quarter. NewEdge Advisors LLC boosted its position in ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP acquired a new position in ACI Worldwide during the first quarter valued at approximately $259,000. Empowered Funds LLC grew its holdings in ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after purchasing an additional 6,399 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ACI Worldwide by 13.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after purchasing an additional 48,988 shares during the period. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

ACIW has been the subject of several recent analyst reports. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. DA Davidson lifted their target price on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Zacks Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Hold” and a consensus target price of $64.00.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $57.33 on Friday. The firm has a market capitalization of $5.83 billion, a PE ratio of 28.81 and a beta of 0.98. 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 1-year low of $38.05 and a 1-year high of $61.08. The business’s 50 day moving average is $50.02 and its 200-day moving average is $44.78.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.ACI Worldwide’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Sell-side analysts predict that ACI Worldwide, Inc. will post 2.69 earnings per share for the current 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.