B. Metzler seel. Sohn & Co. Holding AG Buys New Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,027 shares of the technology company's stock, valued at approximately $2,597,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACIW. Vanguard Group Inc. grew 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 worth $445,044,000 after purchasing an additional 196,099 shares during the period. Hood River Capital Management LLC grew its position in shares of ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock worth $95,029,000 after buying an additional 743,595 shares during the period. Reinhart Partners LLC. increased its stake in shares of ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company's stock valued at $90,576,000 after acquiring an additional 18,229 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ACI Worldwide by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company's stock valued at $37,608,000 after acquiring an additional 56,113 shares during the period. Finally, Fiera Capital Corp boosted its stake in ACI Worldwide by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock worth $35,498,000 after acquiring an additional 10,568 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Up 5.2 %

Shares of ACIW stock traded up $2.92 on Friday, hitting $58.64. 912,101 shares of the stock were exchanged, compared to its average volume of 657,550. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $6.15 billion, a P/E ratio of 27.79 and a beta of 1.19. ACI Worldwide, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $59.60. The business has a 50-day moving average of $51.60 and a 200 day moving average of $44.74.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction that occurred 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 owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ACIW shares. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their target price for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group boosted 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.50.

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.