ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Conestoga Capital Advisors LLC
Conestoga Capital Advisors LLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,717,821 shares of the technology company’s stock after buying an additional 109,391 shares during the period. ACI Worldwide accounts for about 2.0% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position. Conestoga Capital Advisors LLC owned about 1.46% of ACI Worldwide worth $38,428,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of ACI Worldwide during the first quarter worth approximately $170,000. LS Investment Advisors LLC raised its stake in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the last quarter. Strs Ohio raised its stake in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of ACI Worldwide during the first quarter worth approximately $204,000. Finally, Trexquant Investment LP bought a new stake in shares of ACI Worldwide during the first quarter worth approximately $208,000.
Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded up 0.21% during midday trading on Friday, reaching $24.16. 650,126 shares of the company’s stock traded hands. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.40. The company has a 50 day moving average of $22.94 and a 200 day moving average of $21.51. The firm has a market cap of $2.85 billion, a PE ratio of 72.99 and a beta of 1.31.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 3.80% and a return on equity of 7.34%. The firm had revenue of $231.50 million for the quarter, compared to the consensus estimate of $217.24 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that ACI Worldwide, Inc. will post $0.47 EPS for the current fiscal year.
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ACIW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, May 2nd. TheStreet lowered shares of ACI Worldwide from a “b” rating to a “c+” rating in a research note on Friday, May 5th. BidaskClub lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Finally, ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. ACI Worldwide presently has an average rating of “Buy” and a consensus target price of $24.33.
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. Its 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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