River Road Asset Management LLC Lowers Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

River Road Asset Management LLC lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 73.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 826,514 shares of the technology company’s stock after selling 2,291,914 shares during the period. River Road Asset Management LLC’s holdings in ACI Worldwide were worth $42,070,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC boosted its position in 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 buying an additional 321 shares during the period. Fifth Third Bancorp raised its stake in shares of 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 acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares during the period. CWM LLC boosted its holdings in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares during the period. Finally, nVerses Capital LLC acquired a new position in ACI Worldwide during the 3rd quarter worth $112,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Up 1.3 %

ACIW stock opened at $50.15 on Tuesday. The stock has a market cap of $5.25 billion, a P/E ratio of 29.67 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. ACI Worldwide, Inc. has a twelve month low of $23.90 and a twelve month high of $53.29. The company’s 50 day moving average is $49.82 and its two-hundred day moving average is $42.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson lifted their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group raised their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.75.

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.