Principal Financial Group Inc. reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,613 shares of the technology company's stock after selling 41,676 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of ACI Worldwide worth $26,703,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted 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 valued at $26,000 after purchasing an additional 321 shares during the period. Cetera Trust Company N.A lifted its holdings in ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock worth $243,000 after buying an additional 350 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in ACI Worldwide by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock valued at $2,331,000 after buying an additional 469 shares during the period. Fifth Third Bancorp grew 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 acquiring an additional 624 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of ACI Worldwide by 2.2% in the third quarter. Los Angeles Capital Management LLC now owns 32,694 shares of the technology company's stock worth $1,664,000 after acquiring an additional 704 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
ACI Worldwide Stock Up 1.5 %
NASDAQ:ACIW traded up $0.78 during trading hours on Wednesday, hitting $52.89. The company's stock had a trading volume of 255,810 shares, compared to its average volume of 663,579. The stock has a market capitalization of $5.55 billion, a P/E ratio of 25.07 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $53.75 and a 200-day moving average of $48.03. ACI Worldwide, Inc. has a 52-week low of $28.79 and a 52-week high of $59.71.
Insider Activity
In related news, Director Adalio T. Sanchez sold 1,200 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were 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 directly owns 43,272 shares of the company's stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $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.
Wall Street Analysts Forecast Growth
ACIW has been the subject of a number of recent research reports. DA Davidson lowered 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 report on Friday, November 8th. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.50.
Check Out Our Latest Analysis on ACI Worldwide
ACI Worldwide Company 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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