Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 60.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,200 shares of the technology company's stock after selling 85,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of ACI Worldwide worth $2,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACIW. Hood River Capital Management LLC grew its stake in ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock valued at $95,029,000 after buying an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock valued at $24,571,000 after purchasing an additional 285,001 shares in the last quarter. Swedbank AB grew its position in shares of ACI Worldwide by 228.6% in the second quarter. Swedbank AB now owns 328,600 shares of the technology company's stock valued at $13,009,000 after purchasing an additional 228,600 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in ACI Worldwide during the 2nd quarter worth about $7,696,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in ACI Worldwide during the 2nd quarter worth about $7,353,000. Institutional investors own 94.74% of the company's stock.

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 stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Price Performance

ACI Worldwide stock traded up $0.16 during mid-day trading on Friday, hitting $56.82. 317,863 shares of the company traded hands, compared to its average volume of 763,897. The stock has a fifty day moving average price of $52.58 and a 200-day moving average price of $45.70. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 26.93 and a beta of 1.19. ACI Worldwide, Inc. has a one year low of $26.43 and a one year high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACIW. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Finally, DA Davidson downgraded 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 report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.50.

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.