Oppenheimer Asset Management Inc. Trims Stock Holdings in ACI Worldwide Inc (NASDAQ:ACIW)
Oppenheimer Asset Management Inc. lowered its position in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 13.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 14,497 shares of the technology company’s stock after selling 2,304 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ACI Worldwide were worth $498,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of ACIW. Dimensional Fund Advisors LP increased its holdings in shares of ACI Worldwide by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,101,413 shares of the technology company’s stock valued at $85,815,000 after purchasing an additional 73,304 shares during the period. Geode Capital Management LLC increased its holdings in ACI Worldwide by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 1,312,504 shares of the technology company’s stock worth $36,316,000 after buying an additional 85,580 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in ACI Worldwide in the 1st quarter worth approximately $309,000. Rhumbline Advisers raised its position in ACI Worldwide by 0.8% during the 1st quarter. Rhumbline Advisers now owns 380,158 shares of the technology company’s stock worth $12,496,000 after buying an additional 2,867 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in ACI Worldwide by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 78,859 shares of the technology company’s stock worth $2,592,000 after buying an additional 2,963 shares during the last quarter. 99.72% of the stock is owned by institutional investors.
Shares of NASDAQ ACIW traded up $0.55 during trading on Wednesday, reaching $31.33. 20,219 shares of the company traded hands, compared to its average volume of 838,197. The stock has a market cap of $3.65 billion, a P/E ratio of 28.33 and a beta of 1.29. The firm’s fifty day simple moving average is $30.47 and its 200 day simple moving average is $32.49. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. ACI Worldwide Inc has a 12-month low of $24.02 and a 12-month high of $35.86.
Several brokerages have commented on ACIW. Zacks Investment Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.00.
About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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