Penserra Capital Management LLC Reduces Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Penserra Capital Management LLC trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 133,979 shares of the technology company’s stock after selling 2,803 shares during the quarter. Penserra Capital Management LLC’s holdings in ACI Worldwide were worth $6,819,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note 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 downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.50.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the 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 completion of the sale, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Up 5.2 %

Shares of ACIW opened at $58.64 on Monday. ACI Worldwide, Inc. has a 12 month low of $24.76 and a 12 month high of $59.60. The stock’s 50-day moving average is $51.80 and its two-hundred day moving average is $45.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $6.15 billion, a PE ratio of 27.79 and a beta of 1.19.

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.