The Manufacturers Life Insurance Company Acquires Shares of 53,733 ACI Worldwide, Inc. $ACIW

The Manufacturers Life Insurance Company bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,733 shares of the technology company’s stock, valued at approximately $2,702,000.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares during the period. Allworth Financial LP grew its stake in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the period. Essential Partners LLC grew its stake in ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares during the period. State of Wyoming purchased a new stake in ACI Worldwide in the second quarter worth $37,000. Finally, EverSource Wealth Advisors LLC raised its holdings in ACI Worldwide by 122.1% in the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock worth $43,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Up 2.4%

ACIW stock opened at $52.46 on Thursday. ACI Worldwide, Inc. has a twelve month low of $38.05 and a twelve month high of $61.08. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.30 billion, a PE ratio of 24.06 and a beta of 0.98. The business has a 50 day moving average of $54.49 and a 200 day moving average of $46.49.

Analysts Set New Price Targets

Several brokerages have commented on ACIW. Wall Street Zen lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $66.00 price target on shares of ACI Worldwide in a research note on Wednesday. Finally, Weiss Ratings cut shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $66.00.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.