Hantz Financial Services Inc. Lowers Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hantz Financial Services Inc. trimmed its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 32.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,752 shares of the technology company's stock after selling 41,845 shares during the period. Hantz Financial Services Inc. owned approximately 0.08% of ACI Worldwide worth $4,517,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% during the third 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 stake in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 431 shares during the last quarter. CWM LLC grew its stake in shares of ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after acquiring an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of ACI Worldwide in the third quarter valued at about $112,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the sale, the director now owns 43,272 shares of the company's stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Stock Performance

Shares of ACIW traded up $0.16 during mid-day trading on Friday, hitting $56.82. The stock had a trading volume of 317,863 shares, compared to its average volume of 657,463. ACI Worldwide, Inc. has a 52 week low of $26.43 and a 52 week high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The business has a fifty day moving average price of $52.58 and a 200-day moving average price of $45.64. The firm has a market cap of $5.96 billion, a P/E ratio of 26.93 and a beta of 1.19.

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.