16,868 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by PDT Partners LLC

PDT Partners LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 16,868 shares of the technology company’s stock, valued at approximately $859,000.

A number of other institutional investors have also recently bought and sold shares of ACIW. Hood River Capital Management LLC increased its position in shares of ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after acquiring an additional 743,595 shares in the last quarter. Reinhart Partners LLC. increased its holdings in ACI Worldwide by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after purchasing an additional 18,229 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of ACI Worldwide by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after purchasing an additional 33,408 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 during the period. Finally, Fiera Capital Corp lifted its holdings in shares of 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 in the last quarter. Institutional investors own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACIW. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective 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 research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $49.50.

Insider Buying and Selling at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the company’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 transaction of $68,736.00. Following the sale, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $57.14 on Tuesday. ACI Worldwide, Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $59.71. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 27.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average of $52.58 and a 200-day moving average of $45.76.

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.