ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 524,613 shares of the technology company’s stock after selling 41,676 shares during the period. Principal Financial Group Inc.’s holdings in ACI Worldwide were worth $26,703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ACIW. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Fifth Third Bancorp boosted its position in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC boosted its position in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC grew its stake in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $112,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACIW has been the topic of a number of analyst reports. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Canaccord Genuity Group upped their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.50.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $56.77 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.56. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.91 and a beta of 1.19. The company’s 50 day simple moving average is $50.58 and its 200-day simple moving average is $43.87. ACI Worldwide, Inc. has a 1 year low of $24.76 and a 1 year high of $59.60.

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.