PDT Partners LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,868 shares of the technology company's stock, valued at approximately $859,000.
A number of other institutional investors also recently added to or reduced their stakes in ACIW. Oliver Luxxe Assets LLC grew its position in shares of ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company's stock valued at $1,684,000 after purchasing an additional 16,418 shares during the last quarter. Algert Global LLC grew its holdings in ACI Worldwide by 811.5% during the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company's stock valued at $6,157,000 after buying an additional 138,447 shares during the last quarter. Sei Investments Co. raised its holdings in shares of ACI Worldwide by 2.8% in the second quarter. Sei Investments Co. now owns 427,936 shares of the technology company's stock worth $16,942,000 after acquiring an additional 11,638 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of ACI Worldwide in the third quarter valued at $1,248,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of ACI Worldwide by 14.7% during the third quarter. Harbor Capital Advisors Inc. now owns 133,681 shares of the technology company's stock valued at $6,804,000 after acquiring an additional 17,105 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $49.50.
Check Out Our Latest Report on ACI Worldwide
ACI Worldwide Stock Performance
ACIW stock traded down $0.62 on Tuesday, reaching $56.52. The company's stock had a trading volume of 532,420 shares, compared to its average volume of 657,493. The firm has a fifty day moving average of $52.71 and a two-hundred day moving average of $45.91. 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 company has a market capitalization of $5.93 billion, a P/E ratio of 26.61 and a beta of 1.19. ACI Worldwide, Inc. has a 52 week low of $26.87 and a 52 week high of $59.71.
Insider Transactions at ACI Worldwide
In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.
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.
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