ACI Worldwide, Inc. (NASDAQ:ACIW) is Global Alpha Capital Management Ltd.’s 4th Largest Position

Global Alpha Capital Management Ltd. lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,253,789 shares of the technology company’s stock after selling 393,939 shares during the period. ACI Worldwide accounts for 4.1% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 4th biggest position. Global Alpha Capital Management Ltd.’s holdings in ACI Worldwide were worth $63,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACIW. Farther Finance Advisors LLC grew its position in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares during the period. Fifth Third Bancorp grew its position in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC grew its position in 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 during the period. CWM LLC grew its position in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares during the period. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide during the third quarter valued at about $112,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of research reports. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

ACI Worldwide Trading Down 0.2 %

NASDAQ:ACIW opened at $54.45 on Wednesday. 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 one year low of $24.76 and a one year high of $59.60. The business’s 50-day simple moving average is $51.28 and its 200 day simple moving average is $44.60. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 25.81 and a beta of 1.19.

ACI Worldwide 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.