GSA Capital Partners LLP Buys New Shares in ACI Worldwide Inc (NASDAQ:ACIW)

GSA Capital Partners LLP bought a new stake in ACI Worldwide Inc (NASDAQ:ACIW) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 42,205 shares of the technology company’s stock, valued at approximately $1,449,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of ACI Worldwide by 3.6% in the 1st quarter. BlackRock Inc. now owns 14,334,321 shares of the technology company’s stock valued at $471,169,000 after acquiring an additional 498,609 shares during the period. Dimensional Fund Advisors LP increased its position in shares of ACI Worldwide by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,101,413 shares of the technology company’s stock valued at $85,815,000 after acquiring an additional 73,304 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of ACI Worldwide by 2.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,698,054 shares of the technology company’s stock valued at $92,651,000 after acquiring an additional 65,948 shares during the period. Artisan Partners Limited Partnership increased its position in shares of ACI Worldwide by 0.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,248,860 shares of the technology company’s stock valued at $73,920,000 after acquiring an additional 17,665 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of ACI Worldwide by 5.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,155,519 shares of the technology company’s stock valued at $74,021,000 after acquiring an additional 120,493 shares during the period. 97.77% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:ACIW traded down $0.92 during mid-day trading on Friday, hitting $28.50. The company’s stock had a trading volume of 840,409 shares, compared to its average volume of 814,522. ACI Worldwide Inc has a 1 year low of $24.02 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 25.68 and a beta of 1.25. The business’s fifty day moving average is $32.13 and its two-hundred day moving average is $32.56.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.24. ACI Worldwide had a net margin of 7.74% and a return on equity of 10.14%. The company had revenue of $297.62 million for the quarter, compared to analyst estimates of $284.55 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The firm’s revenue was up 26.6% on a year-over-year basis. Analysts anticipate that ACI Worldwide Inc will post 0.65 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 9th. BidaskClub lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, TheStreet lowered shares of ACI Worldwide from an “a-” rating to a “c+” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. ACI Worldwide currently has a consensus rating of “Hold” and an average price target of $34.00.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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