Ieq Capital LLC Invests $1.53 Million in ACI Worldwide, Inc. $ACIW

Ieq Capital LLC purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,500 shares of the technology company’s stock, valued at approximately $1,534,000.

Several other institutional investors have also recently bought and sold shares of ACIW. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares during the last quarter. Essential Partners LLC raised its holdings in shares of ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after buying an additional 327 shares during the last quarter. State of Wyoming acquired a new position in ACI Worldwide during the 2nd quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in ACI Worldwide by 122.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock worth $43,000 after acquiring an additional 519 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ACIW shares. DA Davidson set a $66.00 target price on shares of ACI Worldwide and gave the stock a “buy” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of “Buy” and an average target price of $66.00.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $53.04 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $61.08. The company has a market cap of $5.35 billion, a PE ratio of 24.33 and a beta of 0.97. The company’s 50-day moving average is $53.64 and its two-hundred day moving average is $46.07.

ACI Worldwide Company 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.