Janney Montgomery Scott LLC trimmed its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 16.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,714 shares of the technology company’s stock after selling 4,092 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ACI Worldwide were worth $951,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ACIW. Opal Wealth Advisors LLC acquired a new position in shares of ACI Worldwide in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of ACI Worldwide in the first quarter worth about $25,000. Wayfinding Financial LLC purchased a new stake in shares of ACI Worldwide in the first quarter worth about $39,000. Cheviot Value Management LLC purchased a new stake in shares of ACI Worldwide in the first quarter worth about $44,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock worth $48,000 after buying an additional 370 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
ACI Worldwide Trading Up 0.9%
NASDAQ:ACIW opened at $51.48 on Wednesday. The stock has a 50-day simple moving average of $49.73 and a 200-day simple moving average of $48.55. The stock has a market cap of $5.31 billion, a P/E ratio of 21.72 and a beta of 1.05. ACI Worldwide, Inc. has a 1 year low of $40.45 and a 1 year high of $59.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Zacks Research lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Wall Street Zen lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.
ACI Worldwide Company 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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