North Star Asset Management Inc. Takes $29.13 Million Position in ACI Worldwide, Inc. $ACIW

North Star Asset Management Inc. acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 579,211 shares of the technology company’s stock, valued at approximately $29,129,000. ACI Worldwide makes up about 1.1% of North Star Asset Management Inc.’s holdings, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. raised its position in shares of ACI Worldwide by 8.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock worth $124,000 after acquiring an additional 230 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in ACI Worldwide by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after purchasing an additional 249 shares during the last quarter. Allworth Financial LP grew its stake in 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 purchasing an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in ACI Worldwide by 6.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after purchasing an additional 260 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of ACI Worldwide by 1.4% during the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock valued at $961,000 after buying an additional 268 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

ACI Worldwide Trading Up 2.2%

NASDAQ ACIW opened at $54.22 on Friday. The company has a fifty day simple moving average of $53.85 and a two-hundred day simple moving average of $46.15. The stock has a market cap of $5.47 billion, a P/E ratio of 24.87 and a beta of 0.97. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $61.08. 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 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.