The ACI Worldwide Inc. (ACIW) Stake Increased by BlackRock Inc.

The ACI Worldwide Inc. (ACIW) Stake Increased by BlackRock Inc.

BlackRock Inc. boosted its stake in ACI Worldwide Inc. (NASDAQ:ACIW) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 51,554 shares of the company’s stock after buying an additional 2,193 shares during the period. BlackRock Inc.’s holdings in ACI Worldwide were worth $999,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in ACI Worldwide by 0.4% in the second quarter. Vanguard Group Inc. now owns 8,661,190 shares of the company’s stock valued at $168,979,000 after buying an additional 38,457 shares during the period. Principal Financial Group Inc. boosted its stake in shares of ACI Worldwide by 13.1% in the second quarter. Principal Financial Group Inc. now owns 444,717 shares of the company’s stock valued at $8,677,000 after buying an additional 51,536 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ACI Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,555,779 shares of the company’s stock valued at $49,862,000 after buying an additional 8,733 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of ACI Worldwide by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 16,615 shares of the company’s stock valued at $324,000 after buying an additional 2,002 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of ACI Worldwide by 47.0% in the second quarter. JPMorgan Chase & Co. now owns 323,799 shares of the company’s stock valued at $6,318,000 after buying an additional 103,492 shares during the period. Institutional investors own 99.88% of the company’s stock.

ACI Worldwide Inc. (NASDAQ:ACIW) traded up 0.32% during trading on Thursday, reaching $18.88. 326,254 shares of the company’s stock traded hands. ACI Worldwide Inc. has a 12 month low of $15.07 and a 12 month high of $22.00. The company has a 50-day moving average of $18.66 and a 200 day moving average of $18.85. The stock has a market capitalization of $2.21 billion, a P/E ratio of 21.00 and a beta of 1.47.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by $0.20. The firm had revenue of $217 million for the quarter, compared to the consensus estimate of $246.61 million. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. On average, equities research analysts expect that ACI Worldwide Inc. will post $0.41 earnings per share for the current fiscal year.

Several analysts recently commented on ACIW shares. Monness Crespi & Hardt reduced their price objective on shares of ACI Worldwide from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Zacks Investment Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Friday, January 13th. Finally, Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ACI Worldwide presently has a consensus rating of “Buy” and an average target price of $22.67.

About ACI Worldwide

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

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