BlackRock Inc. Has $321.72 Million Stake in ACI Worldwide Inc (ACIW)

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BlackRock Inc. lifted its stake in ACI Worldwide Inc (NASDAQ:ACIW) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,041,124 shares of the technology company’s stock after buying an additional 610,052 shares during the period. BlackRock Inc. owned approximately 0.11% of ACI Worldwide worth $321,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cowen Prime Services LLC bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $123,000. Mutual of America Capital Management LLC lifted its holdings in shares of ACI Worldwide by 4.8% during the second quarter. Mutual of America Capital Management LLC now owns 99,859 shares of the technology company’s stock valued at $2,464,000 after purchasing an additional 4,539 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of ACI Worldwide by 72.6% during the second quarter. Martingale Asset Management L P now owns 98,653 shares of the technology company’s stock valued at $2,434,000 after purchasing an additional 41,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of ACI Worldwide by 9.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 771,414 shares of the technology company’s stock valued at $19,031,000 after purchasing an additional 68,216 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of ACI Worldwide by 3.0% during the second quarter. Arizona State Retirement System now owns 80,831 shares of the technology company’s stock valued at $1,994,000 after purchasing an additional 2,378 shares during the last quarter.

In related news, CEO Philip G. Heasley sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $28.00, for a total value of $114,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,318,050 shares in the company, valued at approximately $36,905,400. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $26.95, for a total transaction of $215,600.00. Following the completion of the transaction, the director now owns 41,897 shares of the company’s stock, valued at $1,129,124.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,767 shares of company stock valued at $937,076. 4.42% of the stock is owned by company insiders.

ACIW has been the subject of several recent research reports. Zacks Investment Research upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. BidaskClub lowered shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. ValuEngine upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Finally, Credit Suisse Group lifted their target price on shares of ACI Worldwide from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. ACI Worldwide presently has an average rating of “Buy” and an average price target of $29.00.

ACIW stock opened at $28.93 on Friday. ACI Worldwide Inc has a 52-week low of $20.23 and a 52-week high of $28.98. The company has a market cap of $3.31 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.84 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.70.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, August 2nd. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.03). ACI Worldwide had a net margin of 0.26% and a return on equity of 6.30%. The business had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $232.23 million. During the same quarter in the previous year, the business posted ($0.25) earnings per share. ACI Worldwide’s revenue for the quarter was down 2.3% on a year-over-year basis. sell-side analysts predict that ACI Worldwide Inc will post 0.62 EPS for the current year.

ACI Worldwide Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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