Legal & General Group Plc Buys New Shares in ACI Worldwide, Inc. $ACIW

Legal & General Group Plc bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 240,704 shares of the technology company’s stock, valued at approximately $12,105,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACIW. Allworth Financial LP lifted its stake in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Essential Partners LLC raised its holdings in shares of ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares during the period. State of Wyoming acquired a new stake in ACI Worldwide in the 2nd quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. lifted its stake in ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after purchasing an additional 370 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $53.28 on Tuesday. The firm has a market cap of $5.38 billion, a P/E ratio of 24.44 and a beta of 0.97. The business’s 50 day moving average is $54.25 and its 200-day moving average is $46.32. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $61.08.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACIW. Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. DA Davidson set a $66.00 price objective on ACI Worldwide and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Zacks Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $66.00.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.