State of New Jersey Common Pension Fund D Has $2.08 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

State of New Jersey Common Pension Fund D lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 23.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,876 shares of the technology company's stock after selling 12,629 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in ACI Worldwide were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after purchasing an additional 321 shares during the period. Cetera Trust Company N.A grew its stake in ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after buying an additional 350 shares during the last quarter. GAMMA Investing LLC grew its stake in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after buying an additional 431 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in ACI Worldwide by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock worth $2,331,000 after acquiring an additional 469 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company's stock valued at $234,000 after acquiring an additional 478 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Canaccord Genuity Group increased 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. Needham & Company LLC restated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their target price for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.50.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded down $0.71 during midday trading on Friday, hitting $54.29. 441,829 shares of the company were exchanged, compared to its average volume of 659,594. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $44.26. ACI Worldwide, Inc. has a 52 week low of $24.76 and a 52 week high of $59.60. The firm has a market cap of $5.69 billion, a P/E ratio of 25.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

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.