ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by State Street Corp

State Street Corp increased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,455,864 shares of the technology company's stock after purchasing an additional 56,919 shares during the period. State Street Corp owned 4.25% of ACI Worldwide worth $226,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 321 shares in the last quarter. Fifth Third Bancorp increased its holdings in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. CWM LLC raised its position in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after acquiring an additional 1,143 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after purchasing an additional 810 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of ACI Worldwide in the third quarter valued at approximately $112,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson downgraded ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $49.50.

ACI Worldwide Trading Down 1.7 %

Shares of NASDAQ ACIW traded down $0.93 on Thursday, reaching $54.92. 220,953 shares of the company traded hands, compared to its average volume of 658,029. ACI Worldwide, Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $59.71. The stock has a market capitalization of $5.76 billion, a PE ratio of 26.47 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 company has a 50 day moving average of $53.44 and a 200 day moving average of $46.76.

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the company's stock in a transaction that occurred 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 directly owns 43,272 shares of the company's stock, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred 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 approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.