Victory Capital Management Inc. Lowers Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Victory Capital Management Inc. lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Other large investors have also modified their holdings 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 period. Fifth Third Bancorp increased 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 acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the period. CWM LLC lifted its holdings in shares of ACI Worldwide by 638.5% in the 2nd 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. Finally, nVerses Capital LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $54.45 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $24.76 and a 1 year high of $59.60. The stock has a market capitalization of $5.71 billion, a PE ratio of 25.81 and a beta of 1.19. 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 stock has a 50-day simple moving average of $51.28 and a 200-day simple moving average of $44.60.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACIW. Canaccord Genuity Group boosted their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, ACI Worldwide has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Buying and Selling

In other ACI Worldwide 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 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 sale was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

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.