Swiss National Bank Decreases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Swiss National Bank decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 205,900 shares of the technology company’s stock after selling 3,500 shares during the quarter. Swiss National Bank’s holdings in ACI Worldwide were worth $10,480,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares during the last quarter. Fifth Third Bancorp raised its stake in 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 purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC raised its stake in ACI Worldwide by 49.3% during 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 in the last quarter. CWM LLC lifted 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 valued at $52,000 after purchasing an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of ACI Worldwide in the 3rd quarter worth $112,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

ACIW opened at $58.64 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $51.80 and a 200 day moving average of $45.03. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60. The stock has a market cap of $6.15 billion, a P/E ratio of 27.79 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACIW. Canaccord Genuity Group increased their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Finally, StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. 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 an average rating of “Hold” and a consensus target price of $49.50.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction dated 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 $2,478,620.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

About ACI Worldwide

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.