Intech Investment Management LLC Acquires New Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Intech Investment Management LLC bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,524 shares of the technology company’s stock, valued at approximately $1,248,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC boosted its stake in shares of ACI Worldwide by 44.9% in the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after purchasing an additional 743,595 shares during the period. Reinhart Partners LLC. grew its stake in shares of ACI Worldwide by 0.8% in the second quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after acquiring an additional 18,229 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ACI Worldwide by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock worth $37,608,000 after acquiring an additional 56,113 shares during the period. Fiera Capital Corp raised its stake in shares of ACI Worldwide by 1.2% in the second quarter. Fiera Capital Corp now owns 896,634 shares of the technology company’s stock valued at $35,498,000 after acquiring an additional 10,568 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in ACI Worldwide by 0.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,983 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Down 1.7 %

NASDAQ ACIW opened at $57.30 on Wednesday. ACI Worldwide, Inc. has a 12 month low of $25.09 and a 12 month high of $59.71. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 27.16 and a beta of 1.19. 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 firm’s fifty day moving average price is $51.99 and its 200 day moving average price is $45.19.

Analyst Upgrades and Downgrades

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

Insider Transactions at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

ACI Worldwide Company 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.