Massachusetts Financial Services Co. MA Cuts Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Massachusetts Financial Services Co. MA lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 803,965 shares of the technology company's stock after selling 138,815 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.76% of ACI Worldwide worth $43,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ACIW. Opal Wealth Advisors LLC bought a new position in ACI Worldwide during the first quarter valued at $25,000. Covestor Ltd lifted its position in ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares during the last quarter. Wayfinding Financial LLC bought a new position in ACI Worldwide during the first quarter valued at $39,000. Versant Capital Management Inc lifted its position in ACI Worldwide by 121.3% during the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after purchasing an additional 485 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after purchasing an additional 1,397 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Down 0.8%

Shares of ACI Worldwide stock traded down $0.36 during trading on Friday, hitting $45.34. The stock had a trading volume of 480,714 shares, compared to its average volume of 725,743. The stock has a market cap of $4.76 billion, a PE ratio of 17.85 and a beta of 1.06. ACI Worldwide, Inc. has a 12 month low of $40.94 and a 12 month high of $59.71. The firm's fifty day simple moving average is $46.22 and its 200-day simple moving average is $50.48. 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 posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, sell-side analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Jefferies Financial Group reduced 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 note on Tuesday, May 27th. Stephens upgraded shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 target price for the company in a report on Thursday. Finally, DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of "Buy" and a consensus price target of $60.00.

Insider Buying and Selling

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the firm's 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 transaction, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary P. Harman sold 7,194 shares of the firm's 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 transaction, 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 position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.