Mackenzie Financial Corp Boosts Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mackenzie Financial Corp lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 29.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,437 shares of the technology company's stock after acquiring an additional 20,559 shares during the quarter. Mackenzie Financial Corp owned approximately 0.09% of ACI Worldwide worth $4,695,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after buying an additional 298 shares in the last quarter. Covestor Ltd grew its position in shares of ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after buying an additional 419 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after buying an additional 1,397 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of ACI Worldwide during the 4th quarter valued at about $201,000. Finally, Nkcfo LLC bought a new stake in shares of ACI Worldwide during the 4th quarter valued at about $208,000. 94.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at ACI Worldwide

In related news, CEO Thomas W. Warsop III bought 5,000 shares of ACI Worldwide stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the completion of the transaction, the chief executive officer now owns 326,922 shares in the company, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Stock Up 0.0%

Shares of ACIW stock traded up $0.01 during midday trading on Friday, reaching $46.15. 655,461 shares of the stock were exchanged, compared to its average volume of 738,347. ACI Worldwide, Inc. has a 1 year low of $33.32 and a 1 year high of $59.71. The company's 50 day moving average is $50.90 and its two-hundred day moving average is $52.65. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.84 billion, a PE ratio of 21.87 and a beta of 1.14.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data 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 business 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 21.67% and a net margin of 14.04%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities research analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current year.

ACI Worldwide 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.