Thrivent Financial for Lutherans Increases Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Thrivent Financial for Lutherans grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 48.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,558 shares of the technology company's stock after buying an additional 47,685 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of ACI Worldwide worth $7,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted 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 during the period. Cetera Trust Company N.A boosted its position in ACI Worldwide by 7.9% during the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC grew its stake in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock worth $2,331,000 after purchasing an additional 469 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after buying an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the company'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 sale, the director now directly owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This represents 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 link. 1.00% of the stock is owned by corporate insiders.

ACI Worldwide Stock Performance

ACI Worldwide stock traded up $2.92 during trading hours on Friday, hitting $58.64. 912,101 shares of the stock traded hands, compared to its average volume of 709,970. The firm's 50 day moving average price is $51.60 and its 200-day moving average price is $44.74. 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 stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 27.79 and a beta of 1.19. ACI Worldwide, Inc. has a 1 year low of $24.76 and a 1 year high of $59.60.

Wall Street Analysts Forecast Growth

ACIW has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group raised their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Finally, DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.50.

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.