Susquehanna International Group LLP Cuts Stake in ACI Worldwide, Inc. $ACIW

Susquehanna International Group LLP decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 39.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,743 shares of the technology company’s stock after selling 18,683 shares during the period. Susquehanna International Group LLP’s holdings in ACI Worldwide were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 226.8% in the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares during the last quarter. Allworth Financial LP raised its stake in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Essential Partners LLC raised its stake in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after acquiring an additional 327 shares during the last quarter. State of Wyoming purchased a new stake in shares of ACI Worldwide during the second quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock worth $43,000 after purchasing an additional 519 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACIW shares. DA Davidson set a $66.00 price target on ACI Worldwide and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide has an average rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Price Performance

ACIW stock opened at $53.83 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $61.08. The firm has a 50-day moving average of $54.04 and a 200 day moving average of $46.24. The company has a market cap of $5.43 billion, a P/E ratio of 24.69 and a beta of 0.97.

ACI Worldwide 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.