Hantz Financial Services Inc. Sells 27,952 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Hantz Financial Services Inc. lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,800 shares of the technology company’s stock after selling 27,952 shares during the quarter. Hantz Financial Services Inc. owned 0.06% of ACI Worldwide worth $3,156,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACIW. State Street Corp raised its holdings in shares of ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after buying an additional 56,919 shares in the last quarter. Geode Capital Management LLC raised its stake in ACI Worldwide by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after acquiring an additional 31,561 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ACI Worldwide by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after acquiring an additional 33,408 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of ACI Worldwide by 144.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 285,001 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of ACI Worldwide by 32.7% in the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock worth $23,565,000 after purchasing an additional 114,085 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACIW. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, ACI Worldwide currently has an average rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Up 1.2 %

Shares of NASDAQ ACIW opened at $54.35 on Friday. The firm’s 50-day moving average is $53.87 and its 200-day moving average is $50.69. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71. The firm has a market capitalization of $5.70 billion, a PE ratio of 25.76 and a beta of 1.21.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred 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. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company 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.