Bank of New York Mellon Corp Invests $31.95 Million in ACI Worldwide, Inc. $ACIW

Key Points

• Bank of New York Mellon acquired 635,292 ACI Worldwide shares worth approximately $31.95 million, giving it a 0.62% stake. Institutional investors collectively own 94.73% of the company.
• Analyst sentiment is generally positive: MarketBeat reports an average “Buy” rating and an average price target of $66, with recent upgrades from Zacks Research and Weiss Ratings.
• ACI Worldwide shares opened at $53.83, compared with a 52-week range of $38.05 to $61.08. The company has a $5.43 billion market capitalization and provides electronic payment, banking, and fraud-prevention software.

Bank of New York Mellon Corp acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 635,292 shares of the technology company's stock, valued at approximately $31,949,000. Bank of New York Mellon Corp owned about 0.62% of ACI Worldwide at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACIW. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company's stock worth $26,000 after buying an additional 372 shares during the last quarter. Allworth Financial LP grew its holdings in shares of ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company's stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Essential Partners LLC raised its position in ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company's stock worth $30,000 after purchasing an additional 327 shares during the period. State of Wyoming purchased a new stake in ACI Worldwide during the second quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC boosted its position in ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company's stock valued at $43,000 after buying an additional 519 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson set a $66.00 price target on ACI Worldwide and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Finally, Weiss Ratings raised shares of ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $66.00.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $53.83 on Friday. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08. The stock's 50 day simple moving average is $54.04 and its two-hundred day simple moving average is $46.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 24.69 and a beta of 0.97.

ACI Worldwide Profile

ACI Worldwide NASDAQ: ACIW is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company's platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI's modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.

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