Lingohr Asset Management GmbH Reduces Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Lingohr Asset Management GmbH cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,784 shares of the technology company’s stock after selling 303 shares during the quarter. ACI Worldwide accounts for approximately 2.8% of Lingohr Asset Management GmbH’s holdings, making the stock its 3rd largest position. Lingohr Asset Management GmbH’s holdings in ACI Worldwide were worth $1,160,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACIW. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares during the period. Cetera Trust Company N.A raised its position in ACI Worldwide by 7.9% in the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC raised its position in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of ACI Worldwide by 0.8% during the 2nd 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, EntryPoint Capital LLC increased its stake in shares of ACI Worldwide by 7.3% in the 1st quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after purchasing an additional 478 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ACI Worldwide Trading Up 0.5 %

ACIW opened at $54.58 on Tuesday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 25.87 and a beta of 1.19. The stock has a fifty day moving average price of $51.13 and a 200-day moving average price of $44.46. ACI Worldwide, Inc. has a 12 month low of $24.76 and a 12 month high of $59.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insiders Place Their Bets

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 $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.