Mutual of America Capital Management LLC Sells 3,081 Shares of ACI Worldwide, Inc. (ACIW)

Mutual of America Capital Management LLC lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,571 shares of the technology company’s stock after selling 3,081 shares during the period. Mutual of America Capital Management LLC owned 0.08% of ACI Worldwide worth $2,132,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Capstone Asset Management Co. boosted its holdings in ACI Worldwide by 0.7% in the second quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock worth $232,000 after acquiring an additional 70 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in ACI Worldwide by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,227 shares of the technology company’s stock worth $385,000 after acquiring an additional 94 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in ACI Worldwide by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock worth $948,000 after acquiring an additional 234 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in ACI Worldwide by 0.4% in the second quarter. Granite Investment Partners LLC now owns 67,586 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 252 shares in the last quarter. Finally, Wrapmanager Inc. boosted its holdings in ACI Worldwide by 3.4% in the second quarter. Wrapmanager Inc. now owns 14,280 shares of the technology company’s stock worth $319,000 after acquiring an additional 468 shares in the last quarter.

In related news, CEO Philip G. Heasley purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $21.32 per share, with a total value of $106,600.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

ACI Worldwide, Inc. (NASDAQ ACIW) opened at 24.08 on Wednesday. The stock has a 50 day moving average price of $23.52 and a 200-day moving average price of $22.83. ACI Worldwide, Inc. has a 12-month low of $15.11 and a 12-month high of $24.66. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 111.48 and a beta of 1.34.

Several brokerages have issued reports on ACIW. Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Monday, July 31st. DA Davidson began coverage on ACI Worldwide in a report on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price on the stock. Finally, BidaskClub lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.50.

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ACI Worldwide Company Profile

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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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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