ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 86.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,724 shares of the technology company's stock after purchasing an additional 9,149 shares during the quarter. Verition Fund Management LLC's holdings in ACI Worldwide were worth $1,004,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hood River Capital Management LLC boosted its position in shares of ACI Worldwide by 44.9% in 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 in the last quarter. Reinhart Partners LLC. grew its position in shares of ACI Worldwide by 0.8% in the second quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company's stock valued at $90,576,000 after purchasing an additional 18,229 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ACI Worldwide by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock valued at $70,737,000 after purchasing an additional 33,408 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ACI Worldwide by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company's stock worth $37,608,000 after purchasing an additional 56,113 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of 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 purchasing an additional 10,568 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ACIW shares. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, ACI Worldwide presently has a consensus rating of "Hold" and a consensus price target of $49.50.

Insiders Place Their Bets

In related news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction 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 transaction, the director now directly owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on 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 transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

ACI Worldwide Trading Down 3.5 %

Shares of ACIW stock traded down $1.96 during mid-day trading on Monday, hitting $53.87. 786,054 shares of the company's stock were exchanged, compared to its average volume of 657,381. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 25.53 and a beta of 1.19. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $59.71. The stock has a 50-day simple moving average of $53.27 and a two-hundred day simple moving average of $46.57.

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.