State of New Jersey Common Pension Fund D Sells 12,629 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

State of New Jersey Common Pension Fund D cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,876 shares of the technology company’s stock after selling 12,629 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ACI Worldwide were worth $2,081,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in 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 in the last quarter. Cetera Trust Company N.A raised its holdings in ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after buying an additional 350 shares during the last quarter. GAMMA Investing LLC raised its holdings in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after buying an additional 431 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 buying an additional 469 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in ACI Worldwide by 7.3% during the 1st quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after acquiring an additional 478 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Price Performance

Shares of ACIW opened at $54.29 on Friday. The firm has a market cap of $5.69 billion, a PE ratio of 25.73 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60. 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 business’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $44.19.

Wall Street Analyst Weigh In

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

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The shares were 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 directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.