Synovus Financial Corp Acquires Shares of 21,280 ACI Worldwide, Inc. $ACIW

Synovus Financial Corp acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,280 shares of the technology company’s stock, valued at approximately $1,123,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC acquired a new position in ACI Worldwide in the 3rd quarter worth about $236,000. JPMorgan Chase & Co. lifted its holdings in ACI Worldwide by 39.0% during the third quarter. JPMorgan Chase & Co. now owns 249,533 shares of the technology company’s stock valued at $13,168,000 after purchasing an additional 69,964 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of ACI Worldwide by 9.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 44,434 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 3,904 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in ACI Worldwide by 9.2% during the third quarter. PNC Financial Services Group Inc. now owns 10,311 shares of the technology company’s stock worth $544,000 after purchasing an additional 868 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in ACI Worldwide by 1.4% in the third quarter. Public Sector Pension Investment Board now owns 402,551 shares of the technology company’s stock valued at $21,243,000 after buying an additional 5,527 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Trading Up 0.3%

Shares of ACI Worldwide stock opened at $40.88 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 16.48 and a beta of 1.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56. ACI Worldwide, Inc. has a 12-month low of $38.53 and a 12-month high of $58.14. The company has a 50-day moving average of $44.57 and a two-hundred day moving average of $47.30.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.