Massachusetts Financial Services Co. MA Sells 567,244 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Massachusetts Financial Services Co. MA reduced its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,510,884 shares of the technology company’s stock after selling 567,244 shares during the period. Massachusetts Financial Services Co. MA owned about 1.44% of ACI Worldwide worth $76,904,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

ACI Worldwide Stock Up 5.2 %

Shares of NASDAQ:ACIW opened at $58.64 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60. The firm has a market capitalization of $6.15 billion, a P/E ratio of 27.79 and a beta of 1.19. The stock has a 50 day moving average price of $51.80 and a 200-day moving average price of $45.03.

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.