Mirae Asset Global Investments Co. Ltd. Purchases 20,364 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Mirae Asset Global Investments Co. Ltd. lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIWFree Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 201,447 shares of the technology company’s stock after purchasing an additional 20,364 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.19% of ACI Worldwide worth $6,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. NBC Securities Inc. grew its holdings in shares of ACI Worldwide by 1.8% in the 4th quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock worth $731,000 after purchasing an additional 412 shares during the last quarter. Allianz Asset Management GmbH lifted its position in ACI Worldwide by 0.7% during the 4th quarter. Allianz Asset Management GmbH now owns 168,622 shares of the technology company’s stock worth $5,160,000 after buying an additional 1,208 shares in the last quarter. WCM Investment Management LLC lifted its position in ACI Worldwide by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 475,295 shares of the technology company’s stock worth $15,785,000 after buying an additional 1,427 shares in the last quarter. Fiera Capital Corp lifted its position in ACI Worldwide by 0.3% during the 4th quarter. Fiera Capital Corp now owns 914,834 shares of the technology company’s stock worth $27,994,000 after buying an additional 2,294 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in ACI Worldwide by 1.8% during the 4th quarter. New York State Teachers Retirement System now owns 159,761 shares of the technology company’s stock worth $4,889,000 after buying an additional 2,763 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $38.94 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $4.11 billion, a PE ratio of 29.06 and a beta of 1.20. The stock has a 50-day moving average of $36.46 and a 200-day moving average of $33.11. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $39.76.

ACI Worldwide (NASDAQ:ACIWGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The company had revenue of $316.02 million during the quarter, compared to analysts’ expectations of $305.25 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. As a group, sell-side analysts expect that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total transaction of $183,700.00. Following the sale, the director now directly owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total transaction of $183,700.00. Following the sale, the director now directly owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Hale III sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the sale, the director now owns 69,912 shares in the company, valued at $2,483,274.24. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the topic of several research reports. StockNews.com upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. Craig Hallum upped their target price on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Wednesday, May 1st. Finally, DA Davidson upped their target price on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Read Our Latest Report on ACIW

About ACI Worldwide

(Free Report)

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.

See Also

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

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