Franklin Resources Inc. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 39.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,841,200 shares of the technology company’s stock after selling 3,818,185 shares during the period. Franklin Resources Inc. owned approximately 5.67% of ACI Worldwide worth $279,268,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in ACIW. Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after purchasing an additional 372 shares during the last quarter. Allworth Financial LP increased its position in shares of ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the period. Bessemer Group Inc. increased its position in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after acquiring an additional 214 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of ACI Worldwide in the fourth quarter valued at about $37,000. Finally, State of Wyoming purchased a new position in shares of ACI Worldwide in the second quarter valued at about $37,000. 94.73% of the stock is owned by institutional investors.
ACI Worldwide Price Performance
Shares of NASDAQ ACIW opened at $42.64 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $54.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50-day moving average is $42.60 and its 200 day moving average is $43.40. The stock has a market capitalization of $4.33 billion, a P/E ratio of 21.43 and a beta of 1.00.
Wall Street Analyst Weigh In
ACIW has been the topic of a number of analyst reports. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Monday, May 11th. Finally, Weiss Ratings cut shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.
Check Out Our Latest Stock Analysis on ACIW
About ACI Worldwide
ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.
ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.
Featured Stories
- Five stocks we like better than ACI Worldwide
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report).
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
