Royal Bank of Canada lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,226 shares of the technology company’s stock after selling 377 shares during the period. Royal Bank of Canada’s holdings in ACI Worldwide were worth $967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capstone Asset Management Co. raised its holdings in shares of ACI Worldwide by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock valued at $232,000 after buying an additional 70 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ACI Worldwide by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,227 shares of the technology company’s stock valued at $385,000 after buying an additional 94 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of ACI Worldwide by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock valued at $948,000 after buying an additional 234 shares in the last quarter. Granite Investment Partners LLC raised its holdings in shares of ACI Worldwide by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 67,586 shares of the technology company’s stock valued at $1,512,000 after buying an additional 252 shares in the last quarter. Finally, Wrapmanager Inc. raised its holdings in shares of ACI Worldwide by 3.4% during the 2nd quarter. Wrapmanager Inc. now owns 14,280 shares of the technology company’s stock valued at $319,000 after buying an additional 468 shares in the last quarter.

ACI Worldwide, Inc. (NASDAQ ACIW) opened at $23.50 on Friday. The firm has a market capitalization of $2,786.61, a PE ratio of 32.64, a P/E/G ratio of 3.91 and a beta of 1.32. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 0.87. ACI Worldwide, Inc. has a 1-year low of $16.81 and a 1-year high of $25.00.

In related news, CEO Philip G. Heasley purchased 5,000 shares of ACI Worldwide stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $21.32 per share, for a total transaction of $106,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on ACIW shares. Zacks Investment Research cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. DA Davidson started coverage on ACI Worldwide in a report on Thursday, August 31st. They set a “buy” rating and a $26.00 price objective on the stock. Finally, BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.00.

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ACI Worldwide 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.

Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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