Semanteon Capital Management LP Makes New $1.24 Million Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Semanteon Capital Management LP acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,303 shares of the technology company's stock, valued at approximately $1,237,000. ACI Worldwide accounts for 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 5th largest holding.

Several other large investors have also made changes to their positions in ACIW. Cetera Trust Company N.A boosted its position in ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock worth $243,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC grew its position in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after buying an additional 431 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock worth $2,331,000 after acquiring an additional 469 shares during the period. EntryPoint Capital LLC boosted its stake in shares of ACI Worldwide by 7.3% during the 1st quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company's stock worth $234,000 after acquiring an additional 478 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of ACI Worldwide by 0.3% during the 1st quarter. Swiss National Bank now owns 214,600 shares of the technology company's stock worth $7,127,000 after acquiring an additional 600 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACIW shares. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. DA Davidson lifted their price target on shares of ACI Worldwide from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Stephens downgraded shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their target price on shares of 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 given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $48.75.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded up $0.76 during mid-day trading on Monday, reaching $49.56. The company's stock had a trading volume of 424,836 shares, compared to its average volume of 649,215. The stock has a market capitalization of $5.23 billion, a P/E ratio of 36.99 and a beta of 1.19. ACI Worldwide, Inc. has a 1-year low of $19.68 and a 1-year high of $53.29. The stock has a 50-day moving average of $49.70 and a two-hundred day moving average of $42.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.24. The business 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%. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 1.96 EPS 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.