Charles Schwab Investment Management Inc. Grows Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Charles Schwab Investment Management Inc. raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,389,734 shares of the technology company’s stock after acquiring an additional 33,408 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ACI Worldwide were worth $70,737,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACIW. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares in the last quarter. Cetera Trust Company N.A boosted its position in ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after buying an additional 350 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 49.3% during 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of ACI Worldwide by 0.8% during the second 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 lifted its stake in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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 transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACIW. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Down 1.1 %

Shares of NASDAQ:ACIW opened at $56.66 on Friday. The company’s fifty day moving average is $52.30 and its two-hundred day moving average is $45.42. 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 $26.43 and a 1-year high of $59.71. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.85 and a beta of 1.19.

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.