New York State Common Retirement Fund Lowers Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

New York State Common Retirement Fund lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 518,182 shares of the technology company’s stock after selling 56,145 shares during the period. New York State Common Retirement Fund owned 0.49% of ACI Worldwide worth $26,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Blue Trust Inc. boosted its stake in ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares in the last quarter. Capital Performance Advisors LLP bought a new position in ACI Worldwide in the 3rd quarter worth about $118,000. GAMMA Investing LLC grew its position in ACI Worldwide by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after purchasing an additional 508 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in ACI Worldwide during the 3rd quarter valued at about $204,000. Institutional investors own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $50.56 on Friday. 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 firm has a market cap of $5.30 billion, a price-to-earnings ratio of 23.96 and a beta of 1.20. The business has a 50-day simple moving average of $52.80 and a two-hundred day simple moving average of $51.79. ACI Worldwide, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $59.71.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate 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.