ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Barclays PLC

Barclays PLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 244.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 226,173 shares of the technology company’s stock after buying an additional 160,425 shares during the period. Barclays PLC’s holdings in ACI Worldwide were worth $11,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ACIW. State Street Corp grew its stake in ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after buying an additional 56,919 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after acquiring an additional 743,595 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in ACI Worldwide by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after purchasing an additional 33,408 shares during the period. Bank of New York Mellon Corp increased its holdings in ACI Worldwide by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock valued at $37,608,000 after purchasing an additional 56,113 shares in the last quarter. Finally, Fiera Capital Corp raised its position in ACI Worldwide by 1.2% in the second quarter. Fiera Capital Corp now owns 896,634 shares of the technology company’s stock valued at $35,498,000 after purchasing an additional 10,568 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ACIW. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Hold” and a consensus price target of $49.50.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

ACI Worldwide Price Performance

ACIW opened at $54.89 on Tuesday. The company has a market capitalization of $5.76 billion, a P/E ratio of 26.01 and a beta of 1.19. The company has a 50-day moving average of $53.67 and a 200-day moving average of $47.26. 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 1-year low of $28.79 and a 1-year high of $59.71.

About ACI Worldwide

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.