Pathstone Holdings LLC Trims Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Pathstone Holdings LLC cut its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 58,707 shares of the technology company’s stock after selling 668 shares during the quarter. Pathstone Holdings LLC’s holdings in ACI Worldwide were worth $2,988,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ACIW. Swedbank AB acquired a new position in ACI Worldwide during the 1st quarter worth about $3,321,000. CANADA LIFE ASSURANCE Co lifted its position in shares of ACI Worldwide by 26.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after purchasing an additional 22,992 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 16,418 shares during the period. Algert Global LLC grew its holdings in shares of ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after purchasing an additional 138,447 shares in the last quarter. Finally, Sei Investments Co. increased its stake in ACI Worldwide by 2.8% during the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock worth $16,942,000 after buying an additional 11,638 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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 sale, the director now directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $58.64 on Monday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 27.79 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $51.80 and a 200 day moving average price of $45.03.

Analyst Upgrades and Downgrades

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