Dimensional Fund Advisors LP Sells 40,449 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Dimensional Fund Advisors LP lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,257,456 shares of the technology company’s stock after selling 40,449 shares during the quarter. Dimensional Fund Advisors LP owned about 4.07% of ACI Worldwide worth $168,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACIW. Vanguard Group Inc. increased its stake in shares of ACI Worldwide by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after purchasing an additional 1,228,384 shares during the period. Norges Bank bought a new position in ACI Worldwide in the 4th quarter worth approximately $37,509,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of ACI Worldwide by 9,610.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 907,098 shares of the technology company’s stock worth $27,757,000 after buying an additional 897,757 shares during the last quarter. Swedbank AB boosted its position in shares of ACI Worldwide by 228.6% in the second quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock valued at $13,009,000 after acquiring an additional 228,600 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in shares of ACI Worldwide in the second quarter valued at approximately $7,696,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson increased their target price on shares of ACI Worldwide from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Canaccord Genuity Group boosted their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $50.33 on Friday. The firm has a market cap of $5.27 billion, a P/E ratio of 37.51 and a beta of 1.19. The firm’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $38.69. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $50.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The company had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. As a group, research analysts expect that ACI Worldwide, Inc. will post 1.96 EPS for the current fiscal year.

ACI Worldwide declared that its board has initiated a stock repurchase program on Thursday, June 13th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

ACI Worldwide Company 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.