ACI Worldwide, Inc. (NASDAQ:ACIW) Stake Boosted by Barclays PLC

Barclays PLC grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 244.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 226,173 shares of the technology company's stock after purchasing an additional 160,425 shares during the period. Barclays PLC owned 0.22% of ACI Worldwide worth $11,513,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ACIW. State Street Corp boosted its position in ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock valued at $226,803,000 after purchasing an additional 56,919 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock valued at $95,029,000 after acquiring an additional 743,595 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of ACI Worldwide by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock worth $70,737,000 after acquiring an additional 33,408 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 acquiring an additional 56,113 shares during the period. Finally, Fiera Capital Corp lifted its position in ACI Worldwide by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock valued at $35,498,000 after purchasing an additional 10,568 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded down $1.12 during mid-day trading on Tuesday, reaching $53.77. 561,588 shares of the company traded hands, compared to its average volume of 658,544. ACI Worldwide, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $59.71. The firm has a market cap of $5.64 billion, a PE ratio of 25.48 and a beta of 1.19. The stock has a fifty day simple moving average of $53.73 and a 200-day simple moving average of $47.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

About ACI Worldwide

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.