Mirae Asset Global Investments Co. Ltd. Sells 24,851 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Mirae Asset Global Investments Co. Ltd. decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,052 shares of the technology company’s stock after selling 24,851 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.18% of ACI Worldwide worth $4,624,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ACIW. American Century Companies Inc. boosted its stake in ACI Worldwide by 19.6% in the 1st quarter. American Century Companies Inc. now owns 14,850 shares of the technology company’s stock worth $468,000 after purchasing an additional 2,437 shares in the last quarter. PNC Financial Services Group Inc. raised its position in ACI Worldwide by 37.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,208 shares of the technology company’s stock worth $447,000 after buying an additional 3,885 shares during the last quarter. Natixis Advisors L.P. raised its position in ACI Worldwide by 5.3% in the 1st quarter. Natixis Advisors L.P. now owns 55,677 shares of the technology company’s stock worth $1,753,000 after buying an additional 2,790 shares during the last quarter. Bank of Montreal Can raised its position in ACI Worldwide by 6.3% in the 1st quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock worth $312,000 after buying an additional 571 shares during the last quarter. Finally, Rhumbline Advisers raised its position in ACI Worldwide by 1.5% in the 1st quarter. Rhumbline Advisers now owns 349,466 shares of the technology company’s stock worth $11,005,000 after buying an additional 5,246 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CTO Ram Kumar Puppala sold 14,070 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $24.28, for a total value of $341,619.60. Following the completion of the transaction, the chief technology officer now directly owns 31,297 shares in the company, valued at approximately $759,891.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

ACI Worldwide Trading Down 0.2 %

Shares of NASDAQ:ACIW opened at $23.95 on Wednesday. The stock has a 50 day moving average of $25.30 and a 200 day moving average of $24.56. The company has a market cap of $2.59 billion, a PE ratio of 28.86 and a beta of 1.11. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87. ACI Worldwide, Inc. has a 12-month low of $19.68 and a 12-month high of $29.56.

ACI Worldwide (NASDAQ:ACIW – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.95 earnings per share (EPS) for the quarter. The company had revenue of $451.81 million during the quarter. ACI Worldwide had a return on equity of 10.76% and a net margin of 6.80%. As a group, equities research analysts expect that ACI Worldwide, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ACIW shares. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Thursday, March 2nd. StockNews.com assumed coverage on ACI Worldwide in a research report on Thursday, May 18th. They issued a “hold” rating for the company. DA Davidson upped their price target on shares of ACI Worldwide from $29.00 to $34.00 in a research report on Thursday, March 2nd. TheStreet lowered shares of ACI Worldwide from a “b-” rating to a “c” rating in a research report on Friday, May 5th. Finally, Stephens upped their price target on shares of ACI Worldwide from $27.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.67.

ACI Worldwide Profile

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ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.