Dimensional Fund Advisors LP increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,723,483 shares of the technology company’s stock after purchasing an additional 530,954 shares during the period. Dimensional Fund Advisors LP owned approximately 3.31% of ACI Worldwide worth $85,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of ACI Worldwide by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,837,296 shares of the technology company’s stock valued at $38,399,000 after purchasing an additional 109,387 shares in the last quarter. Amalgamated Bank increased its holdings in shares of ACI Worldwide by 1.8% during the third quarter. Amalgamated Bank now owns 79,419 shares of the technology company’s stock worth $1,660,000 after buying an additional 1,413 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of ACI Worldwide by 7.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,954 shares of the technology company’s stock worth $458,000 after acquiring an additional 1,449 shares in the last quarter. Teacher Retirement System of Texas grew its position in ACI Worldwide by 217.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 55,580 shares of the technology company’s stock worth $1,162,000 after acquiring an additional 38,096 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in ACI Worldwide during the 4th quarter valued at $318,000. Institutional investors own 97.55% of the company’s stock.
Insider Transactions at ACI Worldwide
In related news, CTO Ram Kumar Puppala sold 14,070 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $24.28, for a total transaction of $341,619.60. Following the completion of the transaction, the chief technology officer now owns 31,297 shares in the company, valued at $759,891.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
ACI Worldwide Price Performance
ACI Worldwide (NASDAQ:ACIW – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.95 earnings per share for the quarter. The company had revenue of $451.81 million during the quarter. ACI Worldwide had a return on equity of 10.76% and a net margin of 6.80%. Research analysts predict that ACI Worldwide, Inc. will post 1.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ACIW. Stephens upped their price target on shares of ACI Worldwide from $27.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. StockNews.com started coverage on shares of ACI Worldwide in a report on Thursday, May 18th. They issued a “hold” rating for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a report on Thursday, March 2nd. DA Davidson lifted their target price on ACI Worldwide from $29.00 to $34.00 in a research note on Thursday, March 2nd. Finally, TheStreet cut ACI Worldwide from a “b-” rating to a “c” rating in a report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average price target of $32.67.
ACI Worldwide Profile
ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.
Read More
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