The Manufacturers Life Insurance Company Buys New Holdings in ACI Worldwide, Inc. $ACIW

Key Points

• The Manufacturers Life Insurance Company acquired 53,733 shares of ACI Worldwide worth approximately $2.7 million, giving it about a 0.05% stake. Institutional investors collectively own 94.73% of the company.
• Analyst sentiment remains broadly positive, with ACI Worldwide holding an average “Buy” rating and a $66 price target, despite some recent downgrades to “Hold.”
• ACI Worldwide shares opened at $52.46, compared with a 52-week range of $38.05 to $61.08. The company has a $5.3 billion market capitalization and provides electronic payments, banking and fraud-prevention software.

The Manufacturers Life Insurance Company purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 53,733 shares of the technology company's stock, valued at approximately $2,702,000. The Manufacturers Life Insurance Company owned about 0.05% of ACI Worldwide at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in shares of ACI Worldwide by 8.2% during the first quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company's stock valued at $124,000 after purchasing an additional 230 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company's stock valued at $96,000 after buying an additional 249 shares during the last quarter. Allworth Financial LP raised its holdings in 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 buying an additional 257 shares during the last quarter. ProShare Advisors LLC raised its holdings in ACI Worldwide by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company's stock valued at $961,000 after buying an additional 268 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in ACI Worldwide by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company's stock valued at $1,126,000 after buying an additional 274 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the topic of a number of recent analyst reports. DA Davidson reissued a "buy" rating and issued a $66.00 price target on shares of ACI Worldwide in a report on Wednesday. Weiss Ratings downgraded shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Zacks Research upgraded shares of ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Finally, Wall Street Zen cut ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide presently has an average rating of "Buy" and an average price target of $66.00.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $52.46 on Thursday. The business has a 50 day moving average of $54.49 and a 200 day moving average of $46.49. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a market cap of $5.30 billion, a PE ratio of 24.06 and a beta of 0.98. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

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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