Inspire Advisors LLC Makes New $2.94 Million Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Inspire Advisors LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 57,838 shares of the technology company's stock, valued at approximately $2,944,000. Inspire Advisors LLC owned approximately 0.05% of ACI Worldwide at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ACIW. Vanguard Group Inc. grew its stake in ACI Worldwide by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company's stock valued at $404,067,000 after acquiring an additional 1,228,384 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in 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 during the last quarter. Swedbank AB boosted its holdings in ACI Worldwide by 228.6% in the 2nd quarter. Swedbank AB now owns 328,600 shares of the technology company's stock valued at $13,009,000 after purchasing an additional 228,600 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in ACI Worldwide in the 2nd quarter valued at about $7,696,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in ACI Worldwide in the 2nd quarter valued at about $7,353,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ACIW. DA Davidson boosted their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Canaccord Genuity Group boosted their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $48.75.

ACI Worldwide Trading Down 2.5 %

Shares of ACIW stock traded down $1.28 during trading hours on Friday, hitting $50.66. The company had a trading volume of 613,612 shares, compared to its average volume of 653,547. The company's fifty day moving average is $49.45 and its 200 day moving average is $41.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $53.29. The stock has a market capitalization of $5.34 billion, a PE ratio of 37.81 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. The firm had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. Research analysts expect that ACI Worldwide, Inc. will post 1.96 earnings per share 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.