Massachusetts Financial Services Co. MA Has $53.54 Million Position in ACI Worldwide, Inc. $ACIW

Massachusetts Financial Services Co. MA lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,534 shares of the technology company’s stock after acquiring an additional 162,427 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.98% of ACI Worldwide worth $53,537,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC grew its stake in ACI Worldwide by 93.4% in the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after acquiring an additional 711 shares during the period. Caxton Associates LLP bought a new stake in shares of ACI Worldwide in the first quarter worth about $259,000. Empowered Funds LLC raised its position in shares of ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after purchasing an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after buying an additional 48,988 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

ACI Worldwide Stock Up 1.2%

Shares of ACIW stock opened at $42.90 on Thursday. The firm’s fifty day moving average price is $46.66 and its two-hundred day moving average price is $47.68. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $58.14. The firm has a market capitalization of $4.42 billion, a P/E ratio of 17.30 and a beta of 1.05.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million during the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.ACI Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. On average, equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACIW shares. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.