MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.46 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 143,719 shares of the technology company’s stock after buying an additional 5,502 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in ACI Worldwide were worth $7,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after buying an additional 298 shares during the last quarter. Covestor Ltd raised its position in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after acquiring an additional 419 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock worth $99,000 after acquiring an additional 1,397 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of ACI Worldwide during the fourth quarter worth about $201,000. Finally, Nkcfo LLC bought a new stake in ACI Worldwide in the fourth quarter worth approximately $208,000. 94.74% of the stock is currently owned by institutional investors.

Insider Activity at ACI Worldwide

In related news, CEO Thomas W. Warsop III bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer now directly owns 326,922 shares of the company’s stock, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now owns 80,842 shares of the company’s stock, valued at $4,654,073.94. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACIW. StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. DA Davidson raised ACI Worldwide from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Up 0.2%

ACIW stock opened at $48.87 on Friday. The stock’s fifty day simple moving average is $52.19 and its two-hundred day simple moving average is $53.14. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 1-year low of $33.32 and a 1-year high of $59.71. The stock has a market cap of $5.13 billion, a P/E ratio of 23.16 and a beta of 1.14.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million for the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current year.

ACI Worldwide Company 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.