ACI Worldwide, Inc. (NASDAQ:ACIW) Stake Trimmed by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,784 shares of the technology company’s stock after selling 303 shares during the period. ACI Worldwide accounts for 2.8% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 3rd biggest holding. Lingohr Asset Management GmbH’s holdings in ACI Worldwide were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ACIW. Janney Montgomery Scott LLC lifted its holdings in ACI Worldwide by 40.2% during the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock valued at $383,000 after purchasing an additional 3,307 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of ACI Worldwide by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 21,881 shares of the technology company’s stock valued at $727,000 after buying an additional 1,505 shares in the last quarter. Vanguard Group Inc. boosted its holdings in ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock worth $445,044,000 after buying an additional 196,099 shares during the period. O Shaughnessy Asset Management LLC grew its stake in ACI Worldwide by 23.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company’s stock valued at $299,000 after buying an additional 1,709 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in ACI Worldwide during the 1st quarter valued at $765,000. Institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Canaccord Genuity Group increased 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. Finally, Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW opened at $54.58 on Tuesday. ACI Worldwide, Inc. has a 12-month low of $24.76 and a 12-month high of $59.60. The company has a market cap of $5.72 billion, a PE ratio of 25.87 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $51.13 and a 200-day moving average price of $44.46.

Insider Activity

In related news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

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.