Comerica Bank grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 16.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,247 shares of the technology company’s stock after buying an additional 19,551 shares during the period. Comerica Bank owned 0.12% of ACI Worldwide worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Voya Investment Management LLC increased its position in shares of ACI Worldwide by 12.8% during the second quarter. Voya Investment Management LLC now owns 52,919 shares of the technology company’s stock worth $1,184,000 after purchasing an additional 6,022 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in ACI Worldwide by 127.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 60,701 shares of the technology company’s stock valued at $1,358,000 after acquiring an additional 34,050 shares during the period. Arizona State Retirement System increased its position in ACI Worldwide by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 49,800 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 1,000 shares during the period. Eaton Vance Management increased its position in ACI Worldwide by 1.6% in the 2nd quarter. Eaton Vance Management now owns 706,521 shares of the technology company’s stock valued at $15,805,000 after acquiring an additional 10,871 shares during the period. Finally, Tuttle Tactical Management LLC acquired a new position in ACI Worldwide in the 2nd quarter valued at about $287,000.
In other news, Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total transaction of $692,100.00. Following the sale, the director now owns 88,896 shares of the company’s stock, valued at approximately $2,050,830.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by insiders.
Shares of ACI Worldwide, Inc. (ACIW) opened at $22.42 on Wednesday. The company has a market capitalization of $2,652.62, a P/E ratio of 31.07, a PEG ratio of 4.14 and a beta of 1.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16. ACI Worldwide, Inc. has a 52 week low of $17.80 and a 52 week high of $25.00.
Several equities analysts recently issued reports on the company. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, DA Davidson initiated coverage on ACI Worldwide in a research report on Thursday, August 31st. They set a “buy” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. ACI Worldwide currently has a consensus rating of “Hold” and an average price target of $26.00.
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About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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