Global Alpha Capital Management Ltd. Sells 393,939 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Global Alpha Capital Management Ltd. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,253,789 shares of the technology company's stock after selling 393,939 shares during the period. ACI Worldwide accounts for 4.1% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 4th largest holding. Global Alpha Capital Management Ltd. owned 1.20% of ACI Worldwide worth $63,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ACIW. Vanguard Group Inc. increased its holdings in ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company's stock valued at $445,044,000 after acquiring an additional 196,099 shares during the last quarter. Hood River Capital Management LLC grew its stake 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 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 worth $90,576,000 after buying an additional 18,229 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $37,608,000 after buying an additional 56,113 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of ACI Worldwide by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock worth $35,498,000 after buying an additional 10,568 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Performance

Shares of ACIW stock traded up $0.28 during trading hours on Wednesday, hitting $54.73. The company's stock had a trading volume of 478,820 shares, compared to its average volume of 656,876. The company has a 50 day moving average of $51.28 and a 200 day moving average of $44.60. ACI Worldwide, Inc. has a 12-month low of $24.76 and a 12-month high of $59.60. The stock has a market cap of $5.74 billion, a PE ratio of 25.81 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Activity

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

ACIW has been the subject of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and boosted their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" 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.