Vanguard Group Inc. Sells 142,279 Shares of ACI Worldwide, Inc. $ACIW

Vanguard Group Inc. cut its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,640,850 shares of the technology company’s stock after selling 142,279 shares during the period. Vanguard Group Inc. owned about 13.22% of ACI Worldwide worth $719,828,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC raised its holdings in shares of ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after buying an additional 323 shares in the last quarter. Bessemer Group Inc. grew its position in ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the last quarter. Advisors Asset Management Inc. grew its position in ACI Worldwide by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 733 shares of the technology company’s stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. State of Wyoming acquired a new position in ACI Worldwide during the second quarter worth about $37,000. Finally, Salomon & Ludwin LLC bought a new position in shares of ACI Worldwide in the third quarter worth about $39,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $38.47 on Tuesday. The stock’s 50-day moving average is $44.40 and its 200-day moving average is $47.30. ACI Worldwide, Inc. has a 1-year low of $38.20 and a 1-year high of $58.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.97 billion, a P/E ratio of 15.51 and a beta of 1.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.