MetLife Investment Management LLC Increases Position in ACI Worldwide, Inc. $ACIW

Key Points

• MetLife Investment Management LLC significantly increased its stake in ACI Worldwide, Inc. by 437.1% during Q1, owning 340,359 shares valued at approximately $18.6 million.
• Several institutional investors, such as Mirae Asset Global Investments and Bank of America, also made substantial purchases, leading to institutional ownership of 94.74% of the company's stock.
• ACI Worldwide reported better-than-expected quarterly earnings with earnings per share of $0.35, surpassing estimates of $0.27, while revenue increased by 7.4% year-over-year.

MetLife Investment Management LLC increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 437.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,359 shares of the technology company's stock after acquiring an additional 276,985 shares during the period. MetLife Investment Management LLC owned approximately 0.32% of ACI Worldwide worth $18,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC grew its position in ACI Worldwide by 4.1% in the first quarter. Hohimer Wealth Management LLC now owns 4,962 shares of the technology company's stock worth $271,000 after acquiring an additional 197 shares in the last quarter. Smartleaf Asset Management LLC grew its position in ACI Worldwide by 5.0% in the first quarter. Smartleaf Asset Management LLC now owns 4,367 shares of the technology company's stock worth $237,000 after acquiring an additional 207 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of ACI Worldwide by 1.4% during the first quarter. HighTower Advisors LLC now owns 15,744 shares of the technology company's stock valued at $861,000 after buying an additional 212 shares during the period. Snowden Capital Advisors LLC boosted its position in shares of ACI Worldwide by 3.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,048 shares of the technology company's stock valued at $418,000 after buying an additional 246 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of ACI Worldwide by 6.7% during the first quarter. Cetera Investment Advisers now owns 6,531 shares of the technology company's stock valued at $357,000 after buying an additional 408 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACIW. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a research report on Thursday, July 17th. Jefferies Financial Group dropped their target price on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Zacks Research lowered ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen lowered ACI Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Stock Up 0.3%

NASDAQ:ACIW traded up $0.15 during trading hours on Friday, reaching $49.35. The company's stock had a trading volume of 789,286 shares, compared to its average volume of 956,971. The company has a market capitalization of $5.09 billion, a P/E ratio of 20.82 and a beta of 1.07. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a 50 day moving average price of $45.51 and a two-hundred day moving average price of $48.92.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. The company had revenue of $401.26 million during the quarter, compared to the consensus estimate of $380.45 million. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. ACI Worldwide's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. ACI Worldwide has set its Q3 2025 guidance at EPS. Equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Janet O. Estep sold 4,500 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total transaction of $200,970.00. Following the transaction, the director directly owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $47.48, for a total transaction of $341,571.12. Following the sale, the director directly owned 34,388 shares in the company, valued at $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.