Franklin Resources Inc. Lowers Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Franklin Resources Inc. lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 27.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,684,084 shares of the technology company's stock after selling 1,766,831 shares during the period. Franklin Resources Inc. owned approximately 4.47% of ACI Worldwide worth $246,664,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after acquiring an additional 321 shares during the last quarter. Fifth Third Bancorp boosted its holdings in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after acquiring an additional 624 shares during the last quarter. CWM LLC boosted its holdings in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after acquiring an additional 1,143 shares during the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after acquiring an additional 810 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide in the third quarter valued at approximately $112,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACIW. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and increased their price target for the company from $57.00 to $60.00 in a research 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.50.

ACI Worldwide Trading Down 1.1 %

ACIW stock traded down $0.59 during midday trading on Friday, reaching $54.01. 503,410 shares of the company traded hands, compared to its average volume of 617,779. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50 day moving average of $53.58 and a 200-day moving average of $47.03. ACI Worldwide, Inc. has a 52-week low of $28.79 and a 52-week high of $59.71. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.60 and a beta of 1.19.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.