ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,083 shares of the technology company’s stock after selling 6,265 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ACI Worldwide were worth $5,541,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of ACI Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock valued at $270,188,000 after purchasing an additional 389,424 shares during the period. Alliancebernstein L.P. increased its holdings in shares of ACI Worldwide by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company’s stock valued at $147,161,000 after purchasing an additional 235,858 shares during the period. State Street Corp increased its holdings in shares of ACI Worldwide by 1.9% in the first quarter. State Street Corp now owns 4,026,192 shares of the technology company’s stock valued at $126,785,000 after purchasing an additional 75,092 shares during the period. North Reef Capital Management LP increased its holdings in shares of ACI Worldwide by 26.3% in the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock valued at $64,183,000 after purchasing an additional 592,735 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ACI Worldwide by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock worth $58,485,000 after buying an additional 24,272 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. DA Davidson restated a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a research note on Thursday, March 14th. Finally, Jefferies Financial Group assumed coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.00.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $32.00 on Monday. The company has a market capitalization of $3.41 billion, a P/E ratio of 28.83 and a beta of 1.24. The business’s 50 day moving average is $31.63 and its two-hundred day moving average is $28.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $33.83.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. ACI Worldwide’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. Analysts expect that ACI Worldwide, Inc. will post 1.83 EPS 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.