Wedge Capital Management L L P NC Acquires 3,523 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Wedge Capital Management L L P NC lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,063 shares of the technology company’s stock after acquiring an additional 3,523 shares during the period. Wedge Capital Management L L P NC owned approximately 0.09% of ACI Worldwide worth $3,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of ACI Worldwide by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after acquiring an additional 389,424 shares in the last quarter. North Reef Capital Management LP raised its position in shares of ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after acquiring an additional 592,735 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in ACI Worldwide by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock valued at $58,485,000 after buying an additional 24,272 shares in the last quarter. Reinhart Partners LLC. increased its position in ACI Worldwide by 9.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock valued at $69,331,000 after buying an additional 203,348 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in ACI Worldwide by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,905,301 shares of the technology company’s stock valued at $42,984,000 after buying an additional 8,634 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $33.33 on Thursday. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $33.83. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $31.92 and its 200 day simple moving average is $28.77. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 30.03 and a beta of 1.24.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. ACI Worldwide’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts forecast that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

Analysts Set New Price Targets

ACIW has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research note on Thursday, March 14th. Finally, Jefferies Financial Group began coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide 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.