King Luther Capital Management Corp decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 852,575 shares of the technology company’s stock after selling 11,940 shares during the quarter. King Luther Capital Management Corp owned approximately 0.72% of ACI Worldwide worth $19,422,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Riverhead Capital Management LLC increased its stake in shares of ACI Worldwide by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,357 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth $203,000. Strs Ohio increased its stake in shares of ACI Worldwide by 17.3% during the 2nd quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock worth $212,000 after purchasing an additional 1,400 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of ACI Worldwide by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock worth $232,000 after purchasing an additional 70 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ACI Worldwide during the 3rd quarter worth $247,000.
ACI Worldwide, Inc. (NASDAQ:ACIW) opened at $22.42 on Wednesday. ACI Worldwide, Inc. has a 12 month low of $17.80 and a 12 month high of $25.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2,680.00, a price-to-earnings ratio of 31.79, a P/E/G ratio of 4.24 and a beta of 1.30.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. DA Davidson assumed coverage on shares of ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price on the stock. Finally, BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. ACI Worldwide presently has an average rating of “Hold” and an average price target of $26.00.
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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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