Assenagon Asset Management S.A. Buys 285,001 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Assenagon Asset Management S.A. lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 144.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,740 shares of the technology company's stock after buying an additional 285,001 shares during the period. Assenagon Asset Management S.A. owned about 0.46% of ACI Worldwide worth $24,571,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ACIW. Vanguard Group Inc. grew its position in ACI Worldwide by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company's stock valued at $404,067,000 after purchasing an additional 1,228,384 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ACI Worldwide by 11.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company's stock valued at $6,690,000 after acquiring an additional 20,364 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in ACI Worldwide by 8.9% during the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company's stock worth $3,047,000 after acquiring an additional 7,466 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in ACI Worldwide by 40.2% during the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company's stock worth $383,000 after acquiring an additional 3,307 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in ACI Worldwide during the first quarter valued at approximately $846,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded down $0.20 during trading on Friday, reaching $48.80. 458,594 shares of the stock were exchanged, compared to its average volume of 650,299. The firm has a market cap of $5.15 billion, a PE ratio of 36.42 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $53.29. The stock has a 50-day moving average price of $49.66 and a 200-day moving average price of $42.08.

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, beating analysts' consensus estimates 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 return on equity of 19.18% and a net margin of 12.01%. Research analysts expect that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACIW. Needham & Company LLC reaffirmed a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens downgraded shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. DA Davidson upped their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group lifted their target price on ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $48.75.

About ACI Worldwide

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.