Mutual of America Capital Management LLC Decreases Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Mutual of America Capital Management LLC decreased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,741 shares of the technology company’s stock after selling 1,590 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ACI Worldwide were worth $801,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the last quarter. Cetera Trust Company N.A raised its stake in shares of ACI Worldwide by 7.9% in the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of ACI Worldwide by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after acquiring an additional 469 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Down 1.7 %

Shares of NASDAQ:ACIW opened at $57.30 on Wednesday. The business’s 50 day moving average is $51.99 and its 200 day moving average is $45.19. The stock has a market cap of $6.01 billion, a P/E ratio of 27.16 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $25.09 and a 52-week high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

ACIW has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group raised their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.50.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction on 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 approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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.