ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,976,433 shares of the technology company's stock after acquiring an additional 389,424 shares during the quarter. Vanguard Group Inc. owned 11.02% of ACI Worldwide worth $270,188,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in ACI Worldwide by 3.8% during the fourth quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company's stock worth $147,161,000 after acquiring an additional 235,858 shares in the last quarter. State Street Corp increased its stake in shares of ACI Worldwide by 1.9% in the first quarter. State Street Corp now owns 4,026,192 shares of the technology company's stock valued at $126,785,000 after buying an additional 75,092 shares during the period. North Reef Capital Management LP increased its stake in shares of ACI Worldwide by 26.3% in the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company's stock valued at $64,183,000 after buying an additional 592,735 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of ACI Worldwide by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company's stock valued at $58,485,000 after buying an additional 24,272 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ACI Worldwide by 1.9% in the second quarter. Geode Capital Management LLC now owns 2,249,148 shares of the technology company's stock valued at $52,113,000 after buying an additional 41,311 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ACIW shares. Jefferies Financial Group started coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a "buy" rating and a $38.00 price objective for the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet raised ACI Worldwide from a "c" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, DA Davidson reissued a "buy" rating and set a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.00.

ACI Worldwide Trading Up 2.1 %

NASDAQ:ACIW traded up $0.67 on Friday, reaching $33.21. 658,942 shares of the stock traded hands, compared to its average volume of 501,425. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 29.92 and a beta of 1.24. The company's 50 day moving average is $31.18 and its 200-day moving average is $27.54. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $33.43.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.17. The firm had revenue of $477.00 million for the quarter, compared to analysts' expectations of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Equities research analysts anticipate that ACI Worldwide, Inc. will post 1.91 EPS for the current fiscal year.

About ACI Worldwide

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.