Mountain Pacific Investment Advisers Inc. ID Lowers Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mountain Pacific Investment Advisers Inc. ID decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 69.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,946 shares of the technology company’s stock after selling 164,347 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID owned 0.07% of ACI Worldwide worth $2,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACIW. Covestor Ltd grew its holdings in ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after acquiring an additional 818 shares in the last quarter. Strs Ohio grew its holdings in ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in ACI Worldwide by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after acquiring an additional 444 shares in the last quarter. Assetmark Inc. grew its holdings in ACI Worldwide by 18.2% during the 3rd quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock worth $276,000 after acquiring an additional 1,885 shares in the last quarter. Finally, Watershed Asset Management L.L.C. acquired a new position in ACI Worldwide during the 4th quarter worth approximately $296,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

ACI Worldwide Stock Up 1.6 %

Shares of NASDAQ:ACIW opened at $33.30 on Friday. The company has a market capitalization of $3.54 billion, a PE ratio of 30.00 and a beta of 1.24. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $33.83. The firm has a 50 day simple moving average of $32.03 and a 200-day simple moving average of $28.97.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The business had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal year.

ACI Worldwide Company 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.