Seizert Capital Partners LLC Cuts Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Seizert Capital Partners LLC lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,039 shares of the technology company’s stock after selling 931 shares during the period. Seizert Capital Partners LLC’s holdings in ACI Worldwide were worth $5,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. Swedbank AB acquired a new position in shares of ACI Worldwide during the first quarter valued at approximately $3,321,000. CANADA LIFE ASSURANCE Co increased its position in shares of ACI Worldwide by 26.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after purchasing an additional 22,992 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in ACI Worldwide by 98.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 16,418 shares during the last quarter. Algert Global LLC lifted its holdings in ACI Worldwide by 811.5% in the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after purchasing an additional 138,447 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in ACI Worldwide by 2.8% during the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock worth $16,942,000 after purchasing an additional 11,638 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $54.29 on Friday. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $44.26. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 25.73 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. ACI Worldwide, Inc. has a 1-year low of $24.76 and a 1-year high of $59.60.

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.