Segall Bryant & Hamill LLC Purchases 297,542 Shares of ACI Worldwide, Inc. $ACIW

Segall Bryant & Hamill LLC boosted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 344.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 383,817 shares of the technology company’s stock after acquiring an additional 297,542 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.37% of ACI Worldwide worth $20,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACIW. Norges Bank acquired a new stake in shares of ACI Worldwide during the second quarter worth about $47,641,000. American Century Companies Inc. grew its position in shares of ACI Worldwide by 32.8% in the 2nd quarter. American Century Companies Inc. now owns 1,662,130 shares of the technology company’s stock valued at $76,308,000 after purchasing an additional 410,423 shares during the period. Qube Research & Technologies Ltd increased its stake in ACI Worldwide by 305.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 433,783 shares of the technology company’s stock worth $19,915,000 after purchasing an additional 326,699 shares in the last quarter. Alliancebernstein L.P. raised its holdings in ACI Worldwide by 16.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,228,131 shares of the technology company’s stock worth $102,293,000 after buying an additional 310,785 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in ACI Worldwide by 166.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 378,990 shares of the technology company’s stock worth $19,999,000 after buying an additional 236,878 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 2.6%

Shares of ACI Worldwide stock opened at $41.41 on Wednesday. The business’s 50 day simple moving average is $43.43 and its 200 day simple moving average is $47.06. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $57.49. The firm has a market cap of $4.21 billion, a PE ratio of 19.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.54.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The firm had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. During the same period last year, the company earned $1.08 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Profile

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.