Healthcare of Ontario Pension Plan Trust Fund Lowers Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 60.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,200 shares of the technology company’s stock after selling 85,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.05% of ACI Worldwide worth $2,861,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares during the period. Fifth Third Bancorp raised its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the period. CWM LLC lifted its stake in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,143 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after buying an additional 431 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of ACI Worldwide in the third quarter valued at $112,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Buying and Selling

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

ACI Worldwide Stock Performance

Shares of ACIW opened at $56.82 on Friday. ACI Worldwide, Inc. has a 1 year low of $26.43 and a 1 year high of $59.71. The stock has a market capitalization of $5.96 billion, a PE ratio of 26.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day simple moving average of $52.58 and a 200-day simple moving average of $45.64.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ACIW shares. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.50.

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.