ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,802 shares of the technology company's stock after selling 18,768 shares during the quarter. Victory Capital Management Inc. owned 0.27% of ACI Worldwide worth $14,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in shares of ACI Worldwide in the 3rd quarter worth approximately $204,000. Los Angeles Capital Management LLC lifted its position in shares of ACI Worldwide by 2.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,694 shares of the technology company's stock valued at $1,664,000 after acquiring an additional 704 shares during the period. Meritage Portfolio Management increased its stake in ACI Worldwide by 98.2% during the 3rd quarter. Meritage Portfolio Management now owns 17,246 shares of the technology company's stock valued at $878,000 after purchasing an additional 8,546 shares in the last quarter. Atria Investments Inc increased its stake in ACI Worldwide by 8.4% during the 3rd quarter. Atria Investments Inc now owns 15,532 shares of the technology company's stock valued at $791,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Assetmark Inc. increased its stake in ACI Worldwide by 6.6% during the 3rd quarter. Assetmark Inc. now owns 33,636 shares of the technology company's stock valued at $1,712,000 after purchasing an additional 2,096 shares in the last quarter. 94.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction that occurred 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 approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Trading Up 0.5 %

ACI Worldwide stock traded up $0.28 during mid-day trading on Wednesday, reaching $54.73. 503,828 shares of the company traded hands, compared to its average volume of 656,987. 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 firm's 50 day moving average price is $51.43 and its 200 day moving average price is $44.67. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 25.94 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60.

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.