ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 56.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,772 shares of the technology company's stock after selling 85,591 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.06% of ACI Worldwide worth $3,399,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after purchasing an additional 321 shares during the period. Fifth Third Bancorp lifted its holdings in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after purchasing an additional 431 shares during the period. CWM LLC increased its holdings in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide in the third quarter valued at approximately $112,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ACIW shares. Canaccord Genuity Group lifted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $57.00 to $60.00 in a report on Friday, November 8th. Finally, StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.50.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business's stock in a transaction dated 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 directly owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Up 5.2 %

Shares of NASDAQ:ACIW traded up $2.92 during trading hours on Friday, reaching $58.64. The stock had a trading volume of 912,101 shares, compared to its average volume of 709,970. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm's 50 day moving average is $51.80 and its 200-day moving average is $44.97. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 27.79 and a beta of 1.19. ACI Worldwide, Inc. has a 1 year low of $24.76 and a 1 year high of $59.60.

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.