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Villanova Investment Management Co LLC Has $1.85 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

ACI Worldwide logo with Computer and Technology background

Villanova Investment Management Co LLC cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 48.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,265 shares of the technology company's stock after selling 33,504 shares during the quarter. ACI Worldwide makes up 2.0% of Villanova Investment Management Co LLC's portfolio, making the stock its 21st largest position. Villanova Investment Management Co LLC's holdings in ACI Worldwide were worth $1,846,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ACIW. GAMMA Investing LLC lifted its holdings in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after buying an additional 431 shares in the last quarter. CWM LLC raised its position in shares of 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. SG Americas Securities LLC lifted its stake in shares of ACI Worldwide by 1,127.4% during the second quarter. SG Americas Securities LLC now owns 79,573 shares of the technology company's stock valued at $3,150,000 after acquiring an additional 73,090 shares during the period. Swedbank AB boosted its holdings in ACI Worldwide by 228.6% in the second quarter. Swedbank AB now owns 328,600 shares of the technology company's stock valued at $13,009,000 after acquiring an additional 228,600 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in ACI Worldwide by 815.2% in the second quarter. Assenagon Asset Management S.A. now owns 197,739 shares of the technology company's stock worth $7,828,000 after purchasing an additional 176,133 shares during the period. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Trading Up 1.1 %

Shares of ACIW stock traded up $0.61 on Friday, reaching $55.83. The company had a trading volume of 448,843 shares, compared to its average volume of 749,895. The company has a 50-day moving average of $53.21 and a 200-day moving average of $46.30. ACI Worldwide, Inc. has a 12 month low of $26.87 and a 12 month high of $59.71. The stock has a market cap of $5.86 billion, a PE ratio of 26.46 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.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson downgraded 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 report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ACI Worldwide currently has a consensus rating of "Hold" and an average price target of $49.50.

Read Our Latest Report on ACIW

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now owns 43,272 shares of the company's stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following 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. Company insiders own 1.00% of the company's stock.

About ACI Worldwide

(Free Report)

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.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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