ACI Worldwide, Inc. (NASDAQ:ACIW) Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 56.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,772 shares of the technology company’s stock after selling 85,591 shares during the period. Segall Bryant & Hamill LLC’s holdings in ACI Worldwide were worth $3,399,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Swedbank AB acquired a new position in shares of ACI Worldwide in the first quarter worth about $3,321,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after buying an additional 22,992 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in shares of ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock worth $1,684,000 after buying an additional 16,418 shares during the period. Algert Global LLC boosted its holdings in shares of ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after buying an additional 138,447 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of ACI Worldwide by 2.8% in the second quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock worth $16,942,000 after buying an additional 11,638 shares during the period. Institutional investors own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ACIW has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group raised 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.50.

ACI Worldwide Price Performance

Shares of ACIW opened at $58.64 on Friday. The firm has a market cap of $6.15 billion, a PE ratio of 27.79 and a beta of 1.19. The firm’s 50 day moving average price is $51.60 and its 200 day moving average price is $44.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a twelve month low of $24.76 and a twelve month high of $59.60.

ACI Worldwide 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.