Kapitalo Investimentos Ltda Invests $235,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Kapitalo Investimentos Ltda purchased a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,616 shares of the technology company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Swedbank AB acquired a new position in shares of ACI Worldwide in the first quarter worth about $3,321,000. GSA Capital Partners LLP acquired a new stake in ACI Worldwide during the 1st quarter valued at $846,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after purchasing an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of ACI Worldwide by 140.3% in the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after buying an additional 36,261 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of ACI Worldwide by 9.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after buying an additional 180,600 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Trading Up 0.5 %

Shares of NASDAQ ACIW opened at $52.87 on Thursday. The business has a 50 day simple moving average of $49.26 and a 200 day simple moving average of $41.25. ACI Worldwide, Inc. has a 52 week low of $19.56 and a 52 week high of $53.29. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 39.46 and a beta of 1.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. The company had revenue of $373.48 million during the quarter, compared to the consensus estimate of $349.95 million. On average, research analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ACIW. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. DA Davidson upped their price objective on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

About ACI Worldwide

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.