Corient Private Wealth LP Makes New Investment in ACI Worldwide, Inc. $ACIW

Corient Private Wealth LP bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, HoldingsChannel reports. The firm bought 51,131 shares of the technology company’s stock, valued at approximately $2,571,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of ACI Worldwide during the 2nd quarter worth $27,391,000. American Capital Management Inc. purchased a new stake in shares of ACI Worldwide in the second quarter valued at about $926,000. Freestone Grove Partners LP purchased a new stake in shares of ACI Worldwide in the second quarter valued at about $462,000. Jupiter Topco LLC acquired a new stake in ACI Worldwide during the second quarter worth about $16,941,000. Finally, Hsbc Holdings PLC purchased a new position in ACI Worldwide during the second quarter worth about $243,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $66.00 target price on shares of ACI Worldwide in a report on Wednesday. Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Zacks Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Stock Up 2.4%

Shares of ACIW opened at $52.46 on Thursday. The firm has a market cap of $5.30 billion, a P/E ratio of 24.06 and a beta of 0.98. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $61.08. The company’s 50-day moving average price is $54.49 and its 200 day moving average price is $46.49. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.