Cardinal Capital Management LLC CT Acquires 231,864 Shares of ACI Worldwide, Inc. (ACIW)
Cardinal Capital Management LLC CT raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,475,818 shares of the company’s stock after buying an additional 231,864 shares during the period. ACI Worldwide accounts for about 1.9% of Cardinal Capital Management LLC CT’s portfolio, making the stock its 19th largest position. Cardinal Capital Management LLC CT owned approximately 2.11% of ACI Worldwide worth $44,936,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ACIW. LS Investment Advisors LLC boosted its stake in ACI Worldwide by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,399 shares of the company’s stock worth $143,000 after buying an additional 400 shares during the period. Neuberger Berman Group LLC purchased a new stake in ACI Worldwide during the second quarter worth $208,000. Wrapmanager Inc. boosted its stake in ACI Worldwide by 13.2% in the fourth quarter. Wrapmanager Inc. now owns 12,364 shares of the company’s stock worth $224,000 after buying an additional 1,437 shares during the period. Bbva Compass Bancshares Inc. purchased a new stake in ACI Worldwide during the third quarter worth $228,000. Finally, OLD National Bancorp IN purchased a new stake in ACI Worldwide during the third quarter worth $245,000. Institutional investors own 99.96% of the company’s stock.
ACI Worldwide, Inc. (NASDAQ:ACIW) traded up 0.97% during trading on Thursday, reaching $19.68. 385,297 shares of the company’s stock traded hands. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 21.89 and a beta of 1.48. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $22.00. The firm’s 50 day moving average is $19.16 and its 200-day moving average is $18.84.
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A number of research firms recently weighed in on ACIW. Zacks Investment Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Friday, January 13th. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 3rd. Finally, Monness Crespi & Hardt lowered their target price on shares of ACI Worldwide from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. ACI Worldwide has an average rating of “Buy” and a consensus target price of $22.67.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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