Bank of New York Mellon Corp Grows Position in ACI Worldwide, Inc. $ACIW

Bank of New York Mellon Corp lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 8.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 808,237 shares of the technology company’s stock after purchasing an additional 61,349 shares during the period. Bank of New York Mellon Corp owned about 0.77% of ACI Worldwide worth $37,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in shares of ACI Worldwide by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 18,949 shares of the technology company’s stock worth $870,000 after purchasing an additional 317 shares during the period. Teacher Retirement System of Texas lifted its holdings in ACI Worldwide by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 73,401 shares of the technology company’s stock worth $3,370,000 after buying an additional 3,435 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in ACI Worldwide during the 2nd quarter valued at approximately $1,287,000. MQS Management LLC purchased a new position in shares of ACI Worldwide during the 2nd quarter worth approximately $227,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of ACI Worldwide by 5.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 40,530 shares of the technology company’s stock worth $1,861,000 after acquiring an additional 2,132 shares during the period. 94.74% of the stock is currently owned by institutional investors.

Insider Activity at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 4,210 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the completion of the transaction, the chief technology officer owned 96,897 shares in the company, valued at $4,621,017.93. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ACIW. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Thursday, October 16th. Zacks Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. Finally, Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Stock Down 0.9%

Shares of ACI Worldwide stock opened at $47.57 on Thursday. The company has a 50-day simple moving average of $50.38 and a two-hundred day simple moving average of $48.07. The stock has a market capitalization of $4.90 billion, a PE ratio of 20.07 and a beta of 1.09. ACI Worldwide, Inc. has a 52-week low of $40.45 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. ACI Worldwide has set its FY 2025 guidance at EPS. On average, analysts anticipate that ACI Worldwide, Inc. will post 2 EPS for the current fiscal 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.