Stevens Capital Management LP increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 34.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,798 shares of the technology company’s stock after acquiring an additional 12,567 shares during the period. Stevens Capital Management LP’s holdings in ACI Worldwide were worth $1,112,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. lifted its stake in shares of ACI Worldwide by 0.7% in the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock valued at $232,000 after acquiring an additional 70 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ACI Worldwide by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,227 shares of the technology company’s stock valued at $385,000 after purchasing an additional 94 shares during the period. Meeder Asset Management Inc. increased its holdings in ACI Worldwide by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock valued at $948,000 after purchasing an additional 234 shares during the period. Granite Investment Partners LLC increased its holdings in ACI Worldwide by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 67,586 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 252 shares during the period. Finally, Wrapmanager Inc. increased its holdings in ACI Worldwide by 3.4% during the 2nd quarter. Wrapmanager Inc. now owns 14,280 shares of the technology company’s stock valued at $319,000 after purchasing an additional 468 shares during the period.
A number of research analysts recently issued reports on ACIW shares. DA Davidson started coverage on ACI Worldwide in a report on Thursday, August 31st. They set a “buy” rating and a $26.00 price target on the stock. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.00.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at $22.98 on Tuesday. ACI Worldwide, Inc. has a twelve month low of $17.58 and a twelve month high of $25.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,766.45, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 3.70 and a beta of 1.32.
In other news, CEO Philip G. Heasley bought 5,000 shares of ACI Worldwide stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $21.32 per share, for a total transaction of $106,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Mcgroddy sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the transaction, the director now owns 88,896 shares in the company, valued at approximately $2,050,830.72. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.
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ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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