Charles Schwab Investment Management Inc. Raises Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Charles Schwab Investment Management Inc. boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,389,734 shares of the technology company’s stock after buying an additional 33,408 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of ACI Worldwide worth $70,737,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp lifted its holdings in ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares during the last quarter. CWM LLC grew its holdings in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after buying an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide in the third quarter valued at approximately $112,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s 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 transaction, the director now 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 legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on ACIW. Canaccord Genuity Group lifted 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. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of 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 three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $56.66 on Friday. 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 12 month low of $26.43 and a 12 month high of $59.71. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 26.85 and a beta of 1.19. The stock’s 50-day moving average is $52.30 and its 200-day moving average is $45.42.

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.