Citigroup Inc. boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 46.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,509 shares of the technology company's stock after buying an additional 50,145 shares during the quarter. Citigroup Inc. owned approximately 0.15% of ACI Worldwide worth $8,017,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC raised 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 last quarter. Reinhart Partners LLC. raised its stake in ACI Worldwide by 0.8% in 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in ACI Worldwide by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock valued at $70,737,000 after purchasing an additional 33,408 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $37,608,000 after purchasing an additional 56,113 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in ACI Worldwide by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock worth $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 and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ACIW. StockNews.com downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Canaccord Genuity Group raised their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price target for the stock 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 research report on Friday, October 18th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $49.50.
Check Out Our Latest Analysis on ACIW
Insider Transactions at ACI Worldwide
In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.
ACI Worldwide Trading Up 0.3 %
Shares of ACIW stock traded up $0.16 during trading hours on Friday, hitting $56.82. The company had a trading volume of 317,863 shares, compared to its average volume of 657,463. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $5.96 billion, a PE ratio of 26.93 and a beta of 1.19. The company's fifty day moving average is $52.58 and its 200 day moving average is $45.64. ACI Worldwide, Inc. has a fifty-two week low of $26.43 and a fifty-two week high of $59.71.
ACI Worldwide Profile
(
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.
Further Reading
![Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=ACIW)
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