ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Holdings Decreased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,253,789 shares of the technology company’s stock after selling 393,939 shares during the quarter. ACI Worldwide accounts for 4.1% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 4th biggest holding. Global Alpha Capital Management Ltd. owned about 1.20% of ACI Worldwide worth $63,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Swedbank AB acquired a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $3,321,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of ACI Worldwide by 26.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock valued at $3,623,000 after buying an additional 22,992 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in shares of 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 buying an additional 16,418 shares during the period. Algert Global LLC lifted its holdings in shares of 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 buying an additional 138,447 shares during the period. Finally, Sei Investments Co. raised its holdings in ACI Worldwide by 2.8% during the second 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, Canaccord Genuity Group lifted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average target price of $49.50.

ACI Worldwide Stock Performance

ACI Worldwide stock 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. The stock has a fifty day moving average of $51.28 and a two-hundred day moving average of $44.60. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 25.81 and a beta of 1.19. ACI Worldwide, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $59.60.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction 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 sale, the director now owns 43,272 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

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.