Callan Family Office LLC increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,965 shares of the technology company’s stock after purchasing an additional 851 shares during the quarter. Callan Family Office LLC’s holdings in ACI Worldwide were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in ACI Worldwide by 4,756.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,601 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 18,218 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of ACI Worldwide by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 558,040 shares of the technology company’s stock valued at $30,530,000 after buying an additional 12,534 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ACI Worldwide by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 3,266 shares of the technology company’s stock worth $179,000 after buying an additional 642 shares during the period. Brown Advisory Inc. bought a new position in shares of ACI Worldwide in the 1st quarter worth about $339,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of ACI Worldwide by 36.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,806 shares of the technology company’s stock worth $1,357,000 after acquiring an additional 6,588 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.
ACI Worldwide Stock Down 4.6%
NASDAQ ACIW opened at $48.18 on Friday. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The stock has a market cap of $4.97 billion, a PE ratio of 20.33 and a beta of 1.05. The stock’s 50 day moving average is $49.99 and its 200 day moving average is $48.52.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ACIW. Zacks Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research report on Thursday. Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Thursday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.
Get Our Latest Analysis on ACI Worldwide
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.
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