D.A. Davidson & CO. grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,050 shares of the technology company’s stock after acquiring an additional 5,850 shares during the period. D.A. Davidson & CO. owned about 0.14% of ACI Worldwide worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its position in shares of ACI Worldwide by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,357 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $203,000. LS Investment Advisors LLC raised its position in shares of ACI Worldwide by 17.4% during the 2nd quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock worth $211,000 after purchasing an additional 1,397 shares during the last quarter. Strs Ohio raised its position in shares of ACI Worldwide by 17.3% during the 2nd quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock worth $212,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of ACI Worldwide by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock worth $232,000 after purchasing an additional 70 shares during the last quarter.

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded up $0.19 on Thursday, reaching $23.42. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 32.26, a P/E/G ratio of 3.69 and a beta of 1.32. ACI Worldwide, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $25.00.

In other ACI Worldwide news, Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the completion of the transaction, the director now directly owns 88,896 shares in the company, valued at approximately $2,050,830.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

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Several research analysts recently issued reports on the company. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, DA Davidson assumed coverage on ACI Worldwide in a research report on Thursday, August 31st. They set a “buy” rating and a $26.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

About ACI Worldwide

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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