Raymond James & Associates Sells 151,587 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Raymond James & Associates decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 73.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,699 shares of the technology company’s stock after selling 151,587 shares during the period. Raymond James & Associates owned 0.05% of ACI Worldwide worth $2,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ACIW. Swedbank AB bought a new position in shares of ACI Worldwide during the first quarter valued at approximately $3,321,000. GSA Capital Partners LLP bought a new stake in shares of ACI Worldwide during the 1st quarter valued at about $846,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of ACI Worldwide by 26.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after purchasing an additional 22,992 shares in the last quarter. ClariVest Asset Management LLC raised its stake in ACI Worldwide by 140.3% in the first quarter. ClariVest Asset Management LLC now owns 62,112 shares of the technology company’s stock worth $2,063,000 after buying an additional 36,261 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its holdings in ACI Worldwide by 9.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock worth $70,167,000 after buying an additional 180,600 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACIW shares. Canaccord Genuity Group upped their target price on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson raised their price objective on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ACI Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $50.15 on Tuesday. ACI Worldwide, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a fifty day moving average price of $49.80 and a 200 day moving average price of $42.77. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.67 and a beta of 1.19.

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.