Mitsubishi UFJ Asset Management Co. Ltd. Has $202,000 Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,857 shares of the technology company’s stock after selling 486 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ACI Worldwide were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in ACI Worldwide by 136.6% during the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after acquiring an additional 818 shares in the last quarter. Strs Ohio raised its position in shares of ACI Worldwide by 142.9% during the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of ACI Worldwide by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after purchasing an additional 444 shares in the last quarter. Watershed Asset Management L.L.C. acquired a new position in shares of ACI Worldwide in the 4th quarter valued at approximately $296,000. Finally, Tower Research Capital LLC TRC increased its stake in ACI Worldwide by 87.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,455 shares of the technology company’s stock worth $304,000 after purchasing an additional 6,264 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACIW. StockNews.com raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Wednesday, May 1st. DA Davidson increased their target price on ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Craig Hallum lifted their price target on ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group started coverage on ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACI Worldwide Trading Down 1.7 %

Shares of NASDAQ:ACIW opened at $35.47 on Friday. The company’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $30.87. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $37.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $3.74 billion, a PE ratio of 26.47 and a beta of 1.20.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Tuesday, April 30th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The business had revenue of $316.02 million for the quarter, compared to analyst estimates of $305.25 million. On average, equities analysts forecast that ACI Worldwide, Inc. will post 1.9 EPS for the current fiscal year.

About ACI Worldwide

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.