Massachusetts Financial Services Co. MA Has $43.28 Million Stock Holdings in ACI Worldwide, Inc. $ACIW

Key Points

• Massachusetts Financial Services Co. MA trimmed its ACI Worldwide stake by 10.8% in Q4 to 905,225 shares worth $43.28 million, leaving it with roughly 0.88% ownership.
• Two directors bought stock in early March (Adalio T. Sanchez: 3,000 shares at $40.98; Juan Benitez II: 2,400 shares at $41.90), lifting insider ownership to about 1.10%.
• Analyst sentiment is mixed with a consensus "Hold" and $60 target; ACI recently missed EPS ($0.90 vs. $1.05) but beat revenue forecasts ($481.6M vs. $465.2M) and trades near $41.45 (market cap ≈ $4.22B).

Massachusetts Financial Services Co. MA lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 905,225 shares of the technology company's stock after selling 109,309 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.88% of ACI Worldwide worth $43,279,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Woodmont Investment Counsel LLC boosted its holdings in shares of ACI Worldwide by 0.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 52,705 shares of the technology company's stock valued at $2,520,000 after purchasing an additional 426 shares in the last quarter. Jefferson Bridge Capital LLC acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at approximately $1,176,000. Portside Wealth Group LLC boosted its stake in shares of ACI Worldwide by 13.6% in the 4th quarter. Portside Wealth Group LLC now owns 9,492 shares of the technology company's stock valued at $454,000 after purchasing an additional 1,137 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of ACI Worldwide by 15.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 59,460 shares of the technology company's stock valued at $2,843,000 after purchasing an additional 7,742 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of ACI Worldwide by 35.2% in the 4th quarter. Blue Trust Inc. now owns 1,687 shares of the technology company's stock valued at $81,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 18th. Zacks Research cut ACI Worldwide from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $60.00.

Insider Activity

In related news, Director Adalio T. Sanchez bought 3,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $40.98 per share, with a total value of $122,940.00. Following the acquisition, the director owned 64,378 shares of the company's stock, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juan Benitez II bought 2,400 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the acquisition, the director directly owned 16,881 shares in the company, valued at approximately $707,313.90. This trade represents a 16.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Stock Up 0.5%

NASDAQ:ACIW opened at $41.45 on Wednesday. The firm's 50 day simple moving average is $40.70 and its 200 day simple moving average is $45.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.54. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $55.45. The company has a market cap of $4.22 billion, a PE ratio of 19.10 and a beta of 1.03.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.The business had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The firm's quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

About ACI Worldwide

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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