MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,719 shares of the technology company's stock after purchasing an additional 5,502 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.14% of ACI Worldwide worth $7,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. Norges Bank bought a new position in ACI Worldwide during the fourth quarter valued at approximately $75,868,000. Congress Asset Management Co. bought a new position in ACI Worldwide during the fourth quarter valued at approximately $55,998,000. American Century Companies Inc. lifted its position in ACI Worldwide by 206.2% during the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock valued at $52,194,000 after purchasing an additional 677,143 shares during the period. Geode Capital Management LLC lifted its position in ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after purchasing an additional 459,821 shares during the period. Finally, Ameriprise Financial Inc. raised its position in ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock worth $35,027,000 after acquiring an additional 415,612 shares during the period. Institutional investors own 94.74% of the company's stock.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CEO Thomas W. Warsop III acquired 5,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, with a total value of $242,850.00. Following the purchase, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at approximately $15,878,601.54. This represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the transaction, the director now directly owns 80,842 shares of the company's stock, valued at $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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ACIW shares. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Monday, May 12th. Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

ACI Worldwide Price Performance

ACIW traded down $0.18 during trading on Friday, hitting $46.29. 1,010,967 shares of the company traded hands, compared to its average volume of 736,421. The company has a market cap of $4.86 billion, a PE ratio of 21.94 and a beta of 1.14. The stock's 50-day simple moving average is $51.67 and its two-hundred day simple moving average is $53.02. ACI Worldwide, Inc. has a 1 year low of $33.32 and a 1 year high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. ACI Worldwide's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. As a group, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

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.