Cetera Trust Company N.A Purchases 350 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Cetera Trust Company N.A increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,780 shares of the technology company’s stock after buying an additional 350 shares during the quarter. Cetera Trust Company N.A’s holdings in ACI Worldwide were worth $243,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after buying an additional 624 shares during the period. GAMMA Investing LLC increased its stake in shares of 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. CWM LLC increased its stake in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares during the period. nVerses Capital LLC purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $112,000. Finally, USA Financial Formulas purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $114,000. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Up 0.6 %

ACI Worldwide stock traded up $0.28 during mid-day trading on Tuesday, hitting $49.30. The company had a trading volume of 182,044 shares, compared to its average volume of 651,020. 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 stock’s 50 day moving average price is $49.52 and its two-hundred day moving average price is $41.69. ACI Worldwide, Inc. has a 12 month low of $19.56 and a 12 month high of $53.29. The company has a market capitalization of $5.16 billion, a PE ratio of 29.03 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share 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. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of several research analyst reports. DA Davidson boosted their target price on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday. Canaccord Genuity Group upped their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.