Semanteon Capital Management LP Takes $1.24 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Semanteon Capital Management LP bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,303 shares of the technology company’s stock, valued at approximately $1,237,000. ACI Worldwide accounts for about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in ACI Worldwide by 11.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock worth $6,690,000 after purchasing an additional 20,364 shares during the last quarter. BNP Paribas Financial Markets increased its position in ACI Worldwide by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock valued at $3,047,000 after acquiring an additional 7,466 shares during the period. Janney Montgomery Scott LLC raised its stake in ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock valued at $383,000 after acquiring an additional 3,307 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in ACI Worldwide during the 1st quarter worth approximately $846,000. Finally, Texas Permanent School Fund Corp grew its stake in shares of ACI Worldwide by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 95,153 shares of the technology company’s stock valued at $3,160,000 after purchasing an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACIW. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, DA Davidson lifted their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $48.75.

ACI Worldwide Price Performance

ACIW stock traded up $0.62 during trading on Monday, reaching $49.42. 5,325 shares of the company were exchanged, compared to its average volume of 647,198. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $49.66 and its 200 day moving average price is $42.14. ACI Worldwide, Inc. has a 52-week low of $19.68 and a 52-week high of $53.29. The company has a market cap of $5.17 billion, a P/E ratio of 28.88 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The business had revenue of $373.48 million for the quarter, compared to analysts’ expectations of $349.95 million. As a group, analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current fiscal year.

ACI Worldwide Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.