Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 61.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,175 shares of the technology company’s stock after buying an additional 2,352 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACI Worldwide were worth $140,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in ACI Worldwide in the 4th quarter worth about $159,000. Shelton Capital Management acquired a new stake in ACI Worldwide in the 3rd quarter worth about $201,000. Oakbrook Investments LLC acquired a new stake in ACI Worldwide in the 3rd quarter worth about $203,000. Neuberger Berman Group LLC acquired a new stake in ACI Worldwide in the 3rd quarter worth about $211,000. Finally, Jane Street Group LLC acquired a new stake in ACI Worldwide in the 3rd quarter worth about $221,000.
Shares of ACI Worldwide Inc (ACIW) opened at $24.91 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. ACI Worldwide Inc has a twelve month low of $19.55 and a twelve month high of $25.00. The stock has a market capitalization of $2,953.81, a PE ratio of 31.53, a P/E/G ratio of 3.71 and a beta of 1.24.
In other ACI Worldwide news, Director James Mcgroddy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.40, for a total value of $672,000.00. Following the transaction, the director now directly owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $23.73, for a total transaction of $949,200.00. The disclosure for this sale can be found here. Insiders sold a total of 190,000 shares of company stock worth $4,326,300 over the last three months. Corporate insiders own 4.20% of the company’s stock.
Several research firms recently issued reports on ACIW. BidaskClub cut ACI Worldwide from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Zacks Investment Research upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.
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ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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