Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 54.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308,000 shares of the technology company’s stock after selling 366,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.29% of ACI Worldwide worth $10,229,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ACIW. Vanguard Group Inc. grew its position in shares of ACI Worldwide by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after buying an additional 389,424 shares during the last quarter. State of Alaska Department of Revenue increased its position in ACI Worldwide by 414.3% during the 4th quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company’s stock valued at $2,046,000 after purchasing an additional 53,882 shares during the period. New York State Teachers Retirement System raised its holdings in ACI Worldwide by 1.8% in the 4th quarter. New York State Teachers Retirement System now owns 159,761 shares of the technology company’s stock worth $4,889,000 after purchasing an additional 2,763 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of ACI Worldwide by 234.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 160,656 shares of the technology company’s stock worth $4,863,000 after purchasing an additional 112,656 shares during the period. Finally, WCM Investment Management LLC boosted its stake in shares of ACI Worldwide by 2.8% during the 4th quarter. WCM Investment Management LLC now owns 473,868 shares of the technology company’s stock valued at $14,481,000 after purchasing an additional 12,759 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.
ACI Worldwide Stock Up 3.1 %
ACIW stock traded up $1.27 on Thursday, reaching $42.76. 673,248 shares of the company traded hands, compared to its average volume of 616,214. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day simple moving average of $37.69 and a 200-day simple moving average of $33.95. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $43.28. The company has a market cap of $4.51 billion, a P/E ratio of 30.96 and a beta of 1.20.
Insiders Place Their Bets
In other news, Director James C. Hale III sold 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $35.52, for a total transaction of $355,200.00. Following the sale, the director now owns 69,912 shares in the company, valued at $2,483,274.24. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the transaction, the director now owns 69,912 shares in the company, valued at $2,483,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Hale III sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total value of $183,700.00. Following the transaction, the director now directly owns 79,912 shares in the company, valued at $2,935,966.88. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on ACIW. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Wednesday, May 1st. Craig Hallum upped their price target on ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. DA Davidson increased their price objective on ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.
Get Our Latest Report on ACI Worldwide
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.
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