Woodmont Investment Counsel LLC Has $4.33 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Woodmont Investment Counsel LLC trimmed its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.4% in the third quarter, HoldingsChannel reports. The firm owned 85,071 shares of the technology company’s stock after selling 3,909 shares during the period. Woodmont Investment Counsel LLC’s holdings in ACI Worldwide were worth $4,330,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake 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 buying an additional 321 shares in the last quarter. Cetera Trust Company N.A increased its position in ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after acquiring an additional 350 shares in the last quarter. GAMMA Investing LLC lifted its position 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 purchasing an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock valued at $2,331,000 after purchasing an additional 469 shares during the last quarter. Finally, EntryPoint Capital LLC increased its holdings in shares of ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock valued at $234,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $54.42 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5.70 billion, a P/E ratio of 32.20 and a beta of 1.19. The business has a 50-day moving average of $49.97 and a 200-day moving average of $43.11. ACI Worldwide, Inc. has a 1 year low of $24.02 and a 1 year high of $54.47.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACIW shares. Canaccord Genuity Group upped their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report 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, DA Davidson lifted their price target on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.75.

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.