New York State Common Retirement Fund lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,836,528 shares of the technology company’s stock after selling 25,602 shares during the quarter. New York State Common Retirement Fund owned 2.39% of ACI Worldwide worth $64,616,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of ACI Worldwide by 0.4% in the 2nd quarter. BlackRock Inc. now owns 12,035,561 shares of the technology company’s stock valued at $269,235,000 after purchasing an additional 44,692 shares during the period. Vanguard Group Inc. raised its stake in shares of ACI Worldwide by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,780,252 shares of the technology company’s stock valued at $218,784,000 after purchasing an additional 161,582 shares during the period. State Street Corp raised its stake in shares of ACI Worldwide by 3.9% in the 2nd quarter. State Street Corp now owns 3,892,245 shares of the technology company’s stock valued at $87,069,000 after purchasing an additional 147,535 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ACI Worldwide by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,896,885 shares of the technology company’s stock valued at $64,804,000 after purchasing an additional 97,182 shares during the period. Finally, Northern Trust Corp raised its stake in shares of ACI Worldwide by 2.7% in the 2nd quarter. Northern Trust Corp now owns 1,991,981 shares of the technology company’s stock valued at $44,561,000 after purchasing an additional 52,243 shares during the period.
ACIW has been the topic of several recent research reports. BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. DA Davidson initiated coverage on ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Zacks Investment Research downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. ACI Worldwide currently has a consensus rating of “Hold” and an average target price of $26.00.
In other news, Director James Mcgroddy sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the completion of the transaction, the director now owns 88,896 shares in the company, valued at approximately $2,050,830.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.
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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.
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