Vulcan Value Partners buys $163,631,103 stake in ACI Worldwide Inc (ACIW)

ACI Worldwide Inc (ACIW) : Vulcan Value Partners scooped up 180,144 additional shares in ACI Worldwide Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 8,759,695 shares of ACI Worldwide Inc which is valued at $163,631,103.ACI Worldwide Inc makes up approximately 1.52% of Vulcan Value Partners’s portfolio.

Other Hedge Funds, Including , Zions Bancorporation added ACIW to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $37.Geode Capital Management boosted its stake in ACIW in the latest quarter, The investment management firm added 17,640 additional shares and now holds a total of 843,014 shares of ACI Worldwide Inc which is valued at $15,747,502. ACI Worldwide Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Credit Suisse Ag boosted its stake in ACIW in the latest quarter, The investment management firm added 64,374 additional shares and now holds a total of 171,063 shares of ACI Worldwide Inc which is valued at $3,195,457.New York State Common Retirement Fund boosted its stake in ACIW in the latest quarter, The investment management firm added 4,068 additional shares and now holds a total of 2,296,000 shares of ACI Worldwide Inc which is valued at $42,889,280. ACI Worldwide Inc makes up approx 0.06% of New York State Common Retirement Fund’s portfolio.Strs Ohio boosted its stake in ACIW in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 12,500 shares of ACI Worldwide Inc which is valued at $245,375.

ACI Worldwide Inc opened for trading at $19.16 and hit $19.26 on the upside on Thursday, eventually ending the session at $19.23, with a gain of 0.68% or 0.13 points. The heightened volatility saw the trading volume jump to 3,87,806 shares. Company has a market cap of $2,253 M.

On the company’s financial health, ACI Worldwide Inc reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.05. The company had revenue of $219.93 million for the quarter, compared to analysts expectations of $220.79 million. The company’s revenue was down -17.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on ACI Worldwide Inc. Monness Crespi & Hardt Initiated ACI Worldwide Inc on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $26.

ACI Worldwide Inc. develops markets installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company’s suite of software products and hosted services deliver a range of solutions for payments processing card and merchant management electronic bill presentment and payment (EBPP) online banking mobile branch and voice banking fraud detection and trade finance. The Company’s services include implementation services product support services technical services education services testing services expert services consultancy and facilities management services. It offers various solutions including its retail and wholesale payment engines risk management biller retailers and online banking products. It caters to financial institutions including global national regional and community banks and credit unions; processors; retailers and billers.

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