Robeco Institutional Asset Management B.V. Has $3.21 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Robeco Institutional Asset Management B.V. lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 160.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,121 shares of the technology company's stock after acquiring an additional 38,895 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of ACI Worldwide worth $3,213,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after acquiring an additional 321 shares during the period. Cetera Trust Company N.A boosted its stake in ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC grew its holdings in ACI Worldwide by 49.3% in the 2nd 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 last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock worth $2,331,000 after buying an additional 469 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company's stock valued at $234,000 after acquiring an additional 478 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and increased their target price for the company from $57.00 to $60.00 in a research note on Friday. Needham & Company LLC restated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $49.50.

ACI Worldwide Price Performance

Shares of ACIW stock traded down $1.19 during trading hours on Friday, hitting $58.01. The company had a trading volume of 1,332,141 shares, compared to its average volume of 565,176. ACI Worldwide, Inc. has a 12 month low of $24.76 and a 12 month high of $59.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.56. The firm's fifty day moving average is $50.31 and its 200 day moving average is $43.54. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 27.49 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.37. The firm had revenue of $451.75 million for the quarter, compared to analysts' expectations of $404.80 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. On average, sell-side analysts predict that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal year.

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.