Massachusetts Financial Services Co. MA Sells 567,244 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Massachusetts Financial Services Co. MA lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510,884 shares of the technology company's stock after selling 567,244 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.44% of ACI Worldwide worth $76,904,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 321 shares in the last quarter. Fifth Third Bancorp lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after buying an additional 431 shares in the last quarter. CWM LLC lifted its stake in shares of ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after buying an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of ACI Worldwide in the third quarter worth approximately $112,000. Institutional investors own 94.74% of the company's stock.

Insider Transactions at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now owns 43,272 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded up $0.33 during midday trading on Monday, reaching $58.97. The stock had a trading volume of 398,855 shares, compared to its average volume of 656,305. The stock has a 50-day moving average of $51.80 and a 200-day moving average of $45.03. 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 company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 27.79 and a beta of 1.19. ACI Worldwide, Inc. has a 12-month low of $25.09 and a 12-month high of $59.71.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. DA Davidson downgraded ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their target price 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 research report on Friday, October 18th. StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Finally, Canaccord Genuity Group lifted 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.