Mirae Asset Global Investments Co. Ltd. Sells 6,265 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Mirae Asset Global Investments Co. Ltd. decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,083 shares of the technology company’s stock after selling 6,265 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.17% of ACI Worldwide worth $5,541,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd raised its holdings in ACI Worldwide by 136.6% in the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares in the last quarter. Strs Ohio increased its holdings in shares of ACI Worldwide by 142.9% during the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. FMR LLC increased its holdings in shares of ACI Worldwide by 26.2% during the first quarter. FMR LLC now owns 3,312 shares of the technology company’s stock valued at $89,000 after acquiring an additional 688 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of ACI Worldwide by 84.3% during the first quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,106 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of ACI Worldwide during the first quarter valued at $146,000. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACIW. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. DA Davidson restated a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a report on Thursday, March 14th. Finally, Jefferies Financial Group began coverage on ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Trading Down 2.6 %

ACI Worldwide stock opened at $32.00 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $33.83. The stock has a market capitalization of $3.41 billion, a PE ratio of 28.83 and a beta of 1.24. The business’s fifty day moving average is $31.63 and its 200 day moving average is $28.26.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. The company 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%. ACI Worldwide’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, sell-side analysts predict that ACI Worldwide, Inc. will post 1.83 EPS for the current year.

ACI Worldwide 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.