River Road Asset Management LLC Decreases Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

River Road Asset Management LLC trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 73.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 826,514 shares of the technology company’s stock after selling 2,291,914 shares during the period. River Road Asset Management LLC owned 0.78% of ACI Worldwide worth $42,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 321 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the period. CWM LLC boosted its position in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter valued at about $112,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of analyst reports. DA Davidson lifted their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group lifted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research 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. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

ACI Worldwide Trading Up 1.3 %

ACIW opened at $50.15 on Tuesday. ACI Worldwide, Inc. has a 52 week low of $23.90 and a 52 week high of $53.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $49.82 and a 200-day simple moving average of $42.90. The firm has a market cap of $5.25 billion, a P/E ratio of 29.67 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.