Susquehanna International Group LLP Lowers Stock Position in ACI Worldwide, Inc. $ACIW

Susquehanna International Group LLP lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 39.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,743 shares of the technology company’s stock after selling 18,683 shares during the period. Susquehanna International Group LLP’s holdings in ACI Worldwide were worth $1,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 226.8% during the 4th quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after acquiring an additional 372 shares during the period. Allworth Financial LP grew its holdings in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the period. Essential Partners LLC grew its holdings in ACI Worldwide by 80.3% in the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares during the period. State of Wyoming bought a new position in shares of ACI Worldwide during the second quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the topic of a number of analyst reports. DA Davidson set a $66.00 price target on ACI Worldwide and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $66.00.

ACI Worldwide Stock Performance

ACIW stock opened at $53.83 on Monday. The stock’s 50 day simple moving average is $54.04 and its 200 day simple moving average is $46.24. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $61.08. The stock has a market capitalization of $5.43 billion, a PE ratio of 24.69 and a beta of 0.97.

ACI Worldwide Company Profile

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.