Amalgamated Bank Sells 1,288 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Amalgamated Bank lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,875 shares of the technology company’s stock after selling 1,288 shares during the quarter. Amalgamated Bank’s holdings in ACI Worldwide were worth $1,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the period. Hood River Capital Management LLC grew its position 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 valued at $95,029,000 after purchasing an additional 743,595 shares during the period. Reinhart Partners LLC. grew its position in ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock valued at $90,576,000 after purchasing an additional 18,229 shares during the period. Bank of New York Mellon Corp grew its position in ACI Worldwide by 6.3% in 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 during the period. Finally, Fiera Capital Corp grew its position in ACI Worldwide by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company’s stock valued at $35,498,000 after purchasing an additional 10,568 shares during the period. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $56.77 on Wednesday. The company’s 50-day moving average is $50.58 and its 200 day moving average is $43.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.56. The company has a market capitalization of $5.94 billion, a P/E ratio of 26.91 and a beta of 1.19. ACI Worldwide, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $59.60.

Analysts Set New Price Targets

Several research firms recently issued reports on ACIW. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four 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 an average price target of $49.50.

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.