ACI Worldwide, Inc. (NASDAQ:ACIW) Position Lessened by Stifel Financial Corp

Stifel Financial Corp lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,999 shares of the technology company’s stock after selling 776 shares during the quarter. Stifel Financial Corp’s holdings in ACI Worldwide were worth $1,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after acquiring an additional 810 shares in the last quarter. nVerses Capital LLC acquired a new stake in ACI Worldwide in the 3rd quarter worth approximately $112,000. Finally, USA Financial Formulas bought a new stake in ACI Worldwide during the third quarter worth approximately $114,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of a number of analyst reports. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.50.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were 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 approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Up 1.2 %

Shares of ACIW stock opened at $53.04 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 25.14 and a beta of 1.19. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71. The firm’s fifty day simple moving average is $53.75 and its 200 day simple moving average is $47.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

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.