Dimensional Fund Advisors LP Boosts Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP grew its stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,874,847 shares of the technology company’s stock after acquiring an additional 151,364 shares during the period. Dimensional Fund Advisors LP’s holdings in ACI Worldwide were worth $104,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of ACI Worldwide by 19.6% in the first quarter. American Century Companies Inc. now owns 14,850 shares of the technology company’s stock worth $468,000 after buying an additional 2,437 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of ACI Worldwide by 37.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,208 shares of the technology company’s stock valued at $447,000 after purchasing an additional 3,885 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of ACI Worldwide by 5.3% in the first quarter. Natixis Advisors L.P. now owns 55,677 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 2,790 shares in the last quarter. Bank of Montreal Can grew its position in ACI Worldwide by 6.3% in the first quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock worth $312,000 after acquiring an additional 571 shares during the period. Finally, Rhumbline Advisers lifted its stake in ACI Worldwide by 1.5% during the first quarter. Rhumbline Advisers now owns 349,466 shares of the technology company’s stock worth $11,005,000 after purchasing an additional 5,246 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Down 1.4 %

Shares of NASDAQ ACIW opened at $23.14 on Friday. ACI Worldwide, Inc. has a 12-month low of $19.68 and a 12-month high of $29.14. The company has a market cap of $2.51 billion, a P/E ratio of 35.60 and a beta of 1.07. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $23.47 and a 200 day moving average price of $24.22.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.26. The company had revenue of $323.00 million during the quarter, compared to analysts’ expectations of $306.01 million. ACI Worldwide had a net margin of 5.42% and a return on equity of 9.86%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. Research analysts anticipate that ACI Worldwide, Inc. will post 1.75 EPS for the current fiscal year.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, insider Deborah L. Guerra sold 3,426 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $23.22, for a total value of $79,551.72. Following the transaction, the insider now owns 51,724 shares of the company’s stock, valued at $1,201,031.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on ACI Worldwide in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACI Worldwide in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Read Our Latest Analysis on ACI Worldwide

ACI Worldwide Company Profile

(Free Report)

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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.