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

Mirae Asset Global Investments Co. Ltd. raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4,756.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,601 shares of the technology company's stock after acquiring an additional 18,218 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in ACI Worldwide were worth $1,018,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ACIW. Norges Bank acquired a new stake in shares of ACI Worldwide during the fourth quarter worth approximately $75,868,000. American Century Companies Inc. grew its position in shares of ACI Worldwide by 206.2% during the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after buying an additional 677,143 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after buying an additional 459,821 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of ACI Worldwide by 160.4% during the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after buying an additional 415,612 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of ACI Worldwide by 267.7% during the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock worth $29,243,000 after buying an additional 410,142 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Buying and Selling at ACI Worldwide

In related news, Director Janet O. Estep sold 4,500 shares of ACI Worldwide stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total transaction of $200,970.00. Following the sale, the director directly owned 77,631 shares in the company, valued at $3,467,000.46. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of ACI Worldwide stock in a transaction dated 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 owned 34,388 shares in the company, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

ACI Worldwide Stock Performance

ACIW stock traded up $0.46 during mid-day trading on Tuesday, reaching $45.93. The company had a trading volume of 826,290 shares, compared to its average volume of 728,374. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.82 billion, a P/E ratio of 18.08 and a beta of 1.06. ACI Worldwide, Inc. has a one year low of $38.59 and a one year high of $59.71. The stock's 50-day simple moving average is $47.48 and its two-hundred day simple moving average is $50.89.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The company had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group reduced their price objective on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ACI Worldwide has an average rating of "Moderate Buy" and an average price target of $60.00.

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.