Charles Schwab Investment Management Inc. Buys 33,408 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Charles Schwab Investment Management Inc. increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,389,734 shares of the technology company's stock after purchasing an additional 33,408 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.33% of ACI Worldwide worth $70,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACIW. Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 44.9% in 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 in the last quarter. Reinhart Partners LLC. increased its position in shares of ACI Worldwide by 0.8% during the 2nd 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 period. Bank of New York Mellon Corp raised 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. Fiera Capital Corp boosted its stake in ACI Worldwide by 1.2% during the second quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock valued at $35,498,000 after buying an additional 10,568 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in ACI Worldwide by 0.6% during 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. Institutional investors own 94.74% of the company's stock.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the firm's 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 $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Up 0.3 %

Shares of NASDAQ:ACIW traded up $0.16 during trading on Friday, reaching $56.82. 317,862 shares of the company traded hands, compared to its average volume of 657,463. ACI Worldwide, Inc. has a 1-year low of $26.43 and a 1-year high of $59.71. 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 firm has a market cap of $5.96 billion, a P/E ratio of 26.85 and a beta of 1.19. The firm has a fifty day simple moving average of $52.45 and a 200 day simple moving average of $45.50.

Wall Street Analyst Weigh In

ACIW has been the subject of a number of research analyst reports. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Canaccord Genuity Group increased their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. StockNews.com lowered ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, ACI Worldwide presently has a consensus rating of "Hold" and a consensus price target of $49.50.

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.