Swiss National Bank Reduces Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Swiss National Bank trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,900 shares of the technology company’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned approximately 0.20% of ACI Worldwide worth $10,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of ACI Worldwide by 1.5% during the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in ACI Worldwide by 23.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company’s stock worth $299,000 after acquiring an additional 1,709 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after acquiring an additional 22,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of ACI Worldwide by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company’s stock valued at $22,356,000 after acquiring an additional 3,983 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of ACI Worldwide in the 1st quarter worth about $227,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Up 5.2 %

ACIW stock opened at $58.64 on Monday. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 27.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50-day moving average is $51.80 and its two-hundred day moving average is $45.03. ACI Worldwide, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $59.60.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ACIW shares. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. DA Davidson lowered 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 report on Friday, November 8th. Canaccord Genuity Group increased their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly 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 document filed with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

ACI Worldwide 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.