Ritholtz Wealth Management decreased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,734 shares of the technology company’s stock after selling 16,877 shares during the period. Ritholtz Wealth Management owned approximately 0.07% of ACI Worldwide worth $3,293,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of ACI Worldwide in the first quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new position in ACI Worldwide in the 2nd quarter worth approximately $32,000. Wayfinding Financial LLC purchased a new position in ACI Worldwide in the 1st quarter worth approximately $39,000. Cheviot Value Management LLC purchased a new position in ACI Worldwide in the 1st quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.
ACI Worldwide Trading Down 1.9%
NASDAQ ACIW opened at $50.52 on Thursday. ACI Worldwide, Inc. has a 12 month low of $40.45 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 21.32 and a beta of 1.05. The company’s fifty day moving average price is $49.90 and its two-hundred day moving average price is $48.56.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ACIW shares. Zacks Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research report on Wednesday, October 8th. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.00.
Get Our Latest Analysis on ACI Worldwide
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.
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