BlackRock Inc. purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,381,401 shares of the technology company's stock, valued at approximately $823,821,000. BlackRock Inc. owned approximately 16.11% of ACI Worldwide at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG purchased a new position in shares of ACI Worldwide during the second quarter worth approximately $5,600,000. Rice Hall James & Associates LLC purchased a new stake in ACI Worldwide in the 2nd quarter valued at $50,622,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ACI Worldwide during the 2nd quarter worth $311,000. Global Retirement Partners LLC purchased a new position in ACI Worldwide during the 2nd quarter worth $154,000. Finally, Bank of New York Mellon Corp purchased a new position in ACI Worldwide during the 2nd quarter worth $31,949,000. 94.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. DA Davidson set a $66.00 price objective on ACI Worldwide and gave the stock a "buy" rating in a research report on Friday, August 7th. Zacks Research raised shares of ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday. Wall Street Zen cut ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. One investment 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 presently has a consensus rating of "Buy" and a consensus price target of $66.00.
Read Our Latest Stock Analysis on ACI Worldwide
ACI Worldwide Stock Up 0.6%
Shares of NASDAQ ACIW opened at $51.86 on Friday. The firm has a market cap of $5.24 billion, a P/E ratio of 23.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $61.08. The firm's 50 day moving average price is $53.18 and its 200 day moving average price is $45.80.
About ACI Worldwide
(
Free Report)
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.
See Also
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