WINTON GROUP Ltd Invests $5.91 Million in ACI Worldwide, Inc. $ACIW

WINTON GROUP Ltd bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,588 shares of the technology company’s stock, valued at approximately $5,909,000. WINTON GROUP Ltd owned 0.12% of ACI Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Vise Technologies Inc. boosted its stake in shares of ACI Worldwide by 19.0% during the fourth quarter. Vise Technologies Inc. now owns 5,021 shares of the technology company’s stock worth $240,000 after buying an additional 800 shares during the period. Reinhart Partners LLC. boosted its stake in shares of ACI Worldwide by 10.5% during the fourth quarter. Reinhart Partners LLC. now owns 1,131,409 shares of the technology company’s stock worth $54,093,000 after buying an additional 107,471 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of ACI Worldwide during the fourth quarter worth about $281,000. Kesler Norman & Wride LLC boosted its stake in shares of ACI Worldwide by 32.5% during the fourth quarter. Kesler Norman & Wride LLC now owns 19,219 shares of the technology company’s stock worth $919,000 after buying an additional 4,714 shares during the period. Finally, AXQ Capital LP acquired a new stake in shares of ACI Worldwide during the fourth quarter worth about $225,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

ACIW has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research note on Monday, May 11th. Finally, Weiss Ratings cut shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Up 1.0%

ACIW stock opened at $42.80 on Friday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 21.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $54.28. The company has a 50 day moving average price of $42.51 and a two-hundred day moving average price of $43.48.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. ACI Worldwide’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, sell-side analysts expect that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

About ACI Worldwide

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.