Fred Alger Management LLC lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 35.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 88,342 shares of the technology company's stock after selling 49,105 shares during the period. Fred Alger Management LLC owned approximately 0.08% of ACI Worldwide worth $4,497,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of ACI Worldwide by 0.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company's stock valued at $22,356,000 after buying an additional 3,983 shares in the last quarter. Swedbank AB purchased a new stake in shares of ACI Worldwide during the 1st quarter worth $3,321,000. DekaBank Deutsche Girozentrale grew its stake in shares of ACI Worldwide by 4.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 167,265 shares of the technology company's stock worth $5,420,000 after purchasing an additional 6,609 shares during the period. GAMMA Investing LLC increased its holdings in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of ACI Worldwide by 42.1% in the second quarter. First Hawaiian Bank now owns 19,668 shares of the technology company's stock valued at $779,000 after purchasing an additional 5,825 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.
Analyst Upgrades and Downgrades
ACIW has been the topic of several recent analyst reports. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson downgraded ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Finally, StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $49.50.
Get Our Latest Stock Analysis on ACIW
Insider Buying and Selling at ACI Worldwide
In related news, Director Adalio T. Sanchez sold 1,200 shares of the business'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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
ACI Worldwide Price Performance
Shares of ACIW traded up $0.16 during mid-day trading on Friday, reaching $56.82. 317,863 shares of the company's stock were exchanged, compared to its average volume of 763,897. 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 52-week low of $26.43 and a 52-week high of $59.71. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 26.93 and a beta of 1.19. The company has a 50-day simple moving average of $52.58 and a two-hundred day simple moving average of $45.70.
ACI Worldwide Profile
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Free Report)
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.
See Also
![Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=ACIW)
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