Rice Hall James & Associates LLC Cuts Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Rice Hall James & Associates LLC lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 950,577 shares of the technology company's stock after selling 121,417 shares during the period. ACI Worldwide accounts for 2.7% of Rice Hall James & Associates LLC's portfolio, making the stock its 4th largest position. Rice Hall James & Associates LLC owned 0.91% of ACI Worldwide worth $49,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock worth $403,000 after acquiring an additional 238 shares during the period. Blue Trust Inc. grew its holdings in ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after acquiring an additional 298 shares during the period. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after acquiring an additional 321 shares during the period. Cetera Trust Company N.A grew 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 acquiring an additional 350 shares during the period. Finally, GAMMA Investing LLC grew its holdings in ACI Worldwide by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after acquiring an additional 508 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their target price for the stock 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 given a buy rating to the stock. According to MarketBeat.com, ACI Worldwide currently has an average rating of "Hold" and a consensus price target of $49.50.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

ACI Worldwide Trading Down 2.2 %

Shares of ACIW stock traded down $1.14 on Friday, hitting $50.56. The stock had a trading volume of 818,499 shares, compared to its average volume of 606,918. ACI Worldwide, Inc. has a twelve month low of $30.02 and a twelve month high of $59.71. The firm has a market cap of $5.30 billion, a P/E ratio of 23.96 and a beta of 1.20. 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 company has a fifty day moving average price of $52.80 and a two-hundred day moving average price of $51.79.

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.