Inspire Investing LLC Buys 17,511 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Inspire Investing LLC boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 57.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,904 shares of the technology company's stock after buying an additional 17,511 shares during the period. Inspire Investing LLC's holdings in ACI Worldwide were worth $2,438,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in ACI Worldwide by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company's stock valued at $445,044,000 after acquiring an additional 196,099 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock valued at $95,029,000 after purchasing an additional 743,595 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company's stock valued at $90,576,000 after purchasing an additional 18,229 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of ACI Worldwide by 9.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company's stock worth $70,167,000 after buying an additional 180,600 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ACI Worldwide by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company's stock valued at $37,608,000 after buying an additional 56,113 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of research reports. StockNews.com cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Needham & Company LLC restated a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. DA Davidson upped their price target on shares of ACI Worldwide from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 5th. Finally, Canaccord Genuity Group increased their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

ACI Worldwide Trading Up 2.2 %

ACIW stock traded up $1.11 during midday trading on Friday, hitting $52.66. The stock had a trading volume of 915,788 shares, compared to its average volume of 782,873. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.51 billion, a P/E ratio of 31.16 and a beta of 1.19. The business has a fifty day moving average price of $48.79 and a two-hundred day moving average price of $40.89. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $52.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The company had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. On average, sell-side analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

ACI Worldwide 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.