MetLife Investment Advisors LLC cut its holdings in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,095 shares of the technology company’s stock after selling 29,345 shares during the period. MetLife Investment Advisors LLC owned about 0.10% of ACI Worldwide worth $3,323,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fort L.P. purchased a new stake in ACI Worldwide during the fourth quarter worth about $30,000. First Hawaiian Bank increased its stake in ACI Worldwide by 137.3% during the fourth quarter. First Hawaiian Bank now owns 1,419 shares of the technology company’s stock worth $39,000 after purchasing an additional 821 shares during the period. Oregon Public Employees Retirement Fund increased its stake in ACI Worldwide by 2,667.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,271,962 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,225,993 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in ACI Worldwide during the fourth quarter worth about $74,000. Finally, PNC Financial Services Group Inc. increased its stake in ACI Worldwide by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,127 shares of the technology company’s stock worth $86,000 after purchasing an additional 465 shares during the period.

ACIW stock opened at $32.62 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 1.91. ACI Worldwide Inc has a fifty-two week low of $22.13 and a fifty-two week high of $34.21. The company has a market cap of $3.74 billion, a P/E ratio of 29.39, a PEG ratio of 2.46 and a beta of 1.17.

A number of brokerages have issued reports on ACIW. BidaskClub upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $38.00 in a research note on Friday, March 8th. Finally, TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b-” rating in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.00.

In related news, CEO Philip G. Heasley sold 166,572 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $32.28, for a total transaction of $5,376,944.16. Following the sale, the chief executive officer now directly owns 1,441,533 shares in the company, valued at $46,532,685.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.42% of the stock is currently owned by corporate insiders.

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ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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

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