Inspire Investing LLC Grows Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Inspire Investing LLC increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 57.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,904 shares of the technology company’s stock after purchasing an additional 17,511 shares during the quarter. Inspire Investing LLC’s holdings in ACI Worldwide were worth $2,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC boosted its stake in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC boosted its stake in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares during the last quarter. USA Financial Formulas purchased a new position in ACI Worldwide in the third quarter valued at about $114,000. Finally, Innealta Capital LLC purchased a new position in ACI Worldwide in the second quarter valued at about $154,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $52.66 on Friday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 31.16 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $48.79 and its 200 day moving average is $40.83. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $52.72.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Canaccord Genuity Group boosted 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. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson upped their price target on shares of ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

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.