ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,591 shares of the technology company’s stock after selling 2,481 shares during the period. Tidal Investments LLC’s holdings in ACI Worldwide were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its stake in ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after buying an additional 56,919 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after purchasing an additional 31,561 shares during the last quarter. Hood River Capital Management LLC boosted its stake in ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after purchasing an additional 743,595 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in ACI Worldwide by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after purchasing an additional 33,408 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in ACI Worldwide by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock valued at $37,608,000 after purchasing an additional 56,113 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACIW. Stephens lowered shares of 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 price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Trading Up 1.5 %

NASDAQ ACIW opened at $52.89 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71. 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 company has a market capitalization of $5.55 billion, a PE ratio of 25.07 and a beta of 1.19. The company has a fifty day moving average of $53.75 and a 200 day moving average of $48.00.

Insider Activity

In related news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 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.