Stifel Financial Corp Has $1.83 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Stifel Financial Corp reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 35,999 shares of the technology company’s stock after selling 776 shares during the period. Stifel Financial Corp’s holdings in ACI Worldwide were worth $1,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the last quarter. Fifth Third Bancorp raised its position in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC increased its holdings in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after purchasing an additional 810 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of ACI Worldwide during the 3rd quarter worth approximately $112,000. Finally, USA Financial Formulas acquired a new stake in ACI Worldwide in the third quarter worth $114,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of several recent research reports. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price 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 three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $53.04 on Friday. ACI Worldwide, Inc. has a 52-week low of $28.79 and a 52-week high of $59.71. The stock has a fifty day moving average of $53.75 and a 200 day moving average of $47.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.14 and a beta of 1.19.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction 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 directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of the firm’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 sale, the director now owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide 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.