AQR Capital Management LLC trimmed its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,039 shares of the technology company’s stock after selling 1,263 shares during the period. AQR Capital Management LLC owned about 0.14% of ACI Worldwide worth $7,887,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of ACI Worldwide by 4,756.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 18,218 shares during the period. Principal Financial Group Inc. raised its stake in shares of ACI Worldwide by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company’s stock worth $30,530,000 after purchasing an additional 12,534 shares during the period. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock worth $179,000 after purchasing an additional 642 shares during the period. Bank of America Corp DE raised its stake in shares of ACI Worldwide by 267.7% during the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company’s stock worth $29,243,000 after purchasing an additional 410,142 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of ACI Worldwide by 5.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 144,122 shares of the technology company’s stock worth $7,885,000 after purchasing an additional 8,023 shares during the period. 94.74% of the stock is currently owned by institutional investors.
ACI Worldwide Stock Up 1.1%
Shares of ACIW opened at $50.63 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. ACI Worldwide, Inc. has a 12-month low of $40.45 and a 12-month high of $59.71. The business’s 50 day moving average is $46.30 and its 200 day moving average is $48.83. The company has a market capitalization of $5.22 billion, a PE ratio of 21.36 and a beta of 1.07.
Insider Buying and Selling at ACI Worldwide
In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the company’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the sale, the director directly owned 77,631 shares in the company, valued at approximately $3,467,000.46. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ACIW shares. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Thursday, July 17th. Jefferies Financial Group dropped their target price on ACI Worldwide from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Finally, Zacks Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.
Read Our Latest Report on ACI Worldwide
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.
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