Allspring Global Investments Holdings LLC Sells 44,154 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Allspring Global Investments Holdings LLC reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 33.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,015 shares of the technology company's stock after selling 44,154 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of ACI Worldwide worth $4,465,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after acquiring an additional 321 shares during the last quarter. Blue Trust Inc. grew its stake in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of ACI Worldwide during the third quarter worth $118,000. GAMMA Investing LLC boosted its stake in shares of ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock valued at $136,000 after purchasing an additional 508 shares during the period. Finally, CWM LLC grew its stake in shares of ACI Worldwide by 138.6% during the third quarter. CWM LLC now owns 3,154 shares of the technology company's stock valued at $161,000 after acquiring an additional 1,832 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded down $1.14 during midday trading on Friday, hitting $50.56. The company's stock had a trading volume of 818,499 shares, compared to its average volume of 606,918. The firm has a market cap of $5.30 billion, a P/E ratio of 23.96 and a beta of 1.20. ACI Worldwide, Inc. has a 1-year low of $30.02 and a 1-year high of $59.71. The firm's fifty day moving average price is $52.87 and its 200-day moving average price is $51.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of "Hold" and a consensus target price of $49.50.

Insider Activity

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.