Mirae Asset Global Investments Co. Ltd. Has $1.02 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mirae Asset Global Investments Co. Ltd. grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4,756.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,601 shares of the technology company's stock after purchasing an additional 18,218 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in ACI Worldwide were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of ACI Worldwide in the first quarter worth $25,000. Covestor Ltd lifted its stake in shares of ACI Worldwide by 239.4% in the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of ACI Worldwide by 121.3% in the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock worth $48,000 after buying an additional 485 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after buying an additional 1,397 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of ACI Worldwide by 24.5% in the first quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company's stock worth $179,000 after buying an additional 642 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, 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 value of $341,571.12. Following the sale, the director owned 34,388 shares of the company's stock, valued at $1,632,742.24. The trade was a 17.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer directly owned 326,922 shares in the company, valued at approximately $15,878,601.54. This trade represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

ACI Worldwide Stock Performance

ACIW stock traded up $0.70 on Friday, reaching $46.19. 438,478 shares of the company were exchanged, compared to its average volume of 726,843. ACI Worldwide, Inc. has a 12 month low of $38.59 and a 12 month high of $59.71. The stock's fifty day moving average price is $47.77 and its 200 day moving average price is $50.97. The firm has a market capitalization of $4.84 billion, a PE ratio of 18.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly 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 net margin of 16.12% and a return on equity of 20.94%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

ACIW has been the topic of a number of research reports. DA Davidson raised shares of 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. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group dropped their target price on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.