BNP Paribas Financial Markets Purchases 37,367 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

BNP Paribas Financial Markets lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 84.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,793 shares of the technology company's stock after buying an additional 37,367 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of ACI Worldwide worth $4,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 177.3% in 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 last quarter. Fifth Third Bancorp boosted its holdings in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after buying an additional 624 shares during the last quarter. CWM LLC grew its position in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after buying an additional 1,143 shares during the period. GAMMA Investing LLC increased its holdings in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after buying an additional 431 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in ACI Worldwide in the third quarter worth approximately $112,000. Institutional investors own 94.74% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Price Performance

ACIW stock traded down $1.21 during trading on Thursday, reaching $55.22. The company's stock had a trading volume of 589,539 shares, compared to its average volume of 657,700. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company's fifty day moving average is $52.98 and its 200-day moving average is $46.11. The company has a market capitalization of $5.79 billion, a P/E ratio of 26.74 and a beta of 1.19. ACI Worldwide, Inc. has a 1 year low of $26.87 and a 1 year high of $59.71.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now directly owns 43,272 shares in the company, valued at approximately $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 accessible through this link. 1.00% of the stock is currently owned by company insiders.

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.