Global Alpha Capital Management Ltd. Boosts Holdings in ACI Worldwide Inc (ACIW)

Global Alpha Capital Management Ltd. boosted its stake in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 928,994 shares of the technology company’s stock after buying an additional 253,900 shares during the period. ACI Worldwide accounts for about 6.3% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.80% of ACI Worldwide worth $26,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of ACI Worldwide by 1.4% during the third quarter. BlackRock Inc. now owns 13,226,443 shares of the technology company’s stock worth $372,190,000 after purchasing an additional 185,319 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of ACI Worldwide by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,064,281 shares of the technology company’s stock worth $75,596,000 after purchasing an additional 88,855 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of ACI Worldwide by 13.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,510,262 shares of the technology company’s stock worth $70,639,000 after purchasing an additional 307,240 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of ACI Worldwide by 22.0% during the third quarter. Janus Henderson Group PLC now owns 2,382,590 shares of the technology company’s stock worth $67,046,000 after purchasing an additional 430,312 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of ACI Worldwide by 24.3% during the second quarter. Artisan Partners Limited Partnership now owns 2,196,781 shares of the technology company’s stock worth $54,195,000 after purchasing an additional 429,567 shares in the last quarter.

NASDAQ ACIW opened at $28.25 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.66 and a current ratio of 1.66. ACI Worldwide Inc has a 1 year low of $20.23 and a 1 year high of $30.25. The firm has a market capitalization of $3.28 billion, a P/E ratio of 27.70, a PEG ratio of 2.71 and a beta of 1.28.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.19. ACI Worldwide had a return on equity of 7.42% and a net margin of 1.42%. The firm had revenue of $245.50 million for the quarter, compared to the consensus estimate of $232.31 million. During the same period in the prior year, the firm earned ($0.08) EPS. The firm’s revenue was up 8.8% on a year-over-year basis. On average, analysts expect that ACI Worldwide Inc will post 0.87 earnings per share for the current fiscal year.

In related news, CEO Philip G. Heasley sold 100,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $29.79, for a total value of $2,979,000.00. Following the transaction, the chief executive officer now directly owns 1,302,228 shares of the company’s stock, valued at approximately $38,793,372.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.42% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on ACIW. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, November 14th. BidaskClub downgraded ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group upped their price target on ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.00.

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About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, 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.

Further Reading: Debt-To-Equity Ratio

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

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