ACI Worldwide (NASDAQ:ACIW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
Separately, BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.00.
In other news, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $22.97, for a total transaction of $689,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Mcgroddy sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $22.40, for a total transaction of $2,016,000.00. Following the transaction, the director now owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,000 shares of company stock valued at $4,326,300. Insiders own 4.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its position in shares of ACI Worldwide by 2.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 95,858 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 2,287 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ACI Worldwide by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after buying an additional 2,352 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of ACI Worldwide by 3.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 73,870 shares of the technology company’s stock worth $1,675,000 after buying an additional 2,754 shares during the period. Bridge City Capital LLC boosted its holdings in shares of ACI Worldwide by 8.7% in the third quarter. Bridge City Capital LLC now owns 36,030 shares of the technology company’s stock worth $821,000 after buying an additional 2,876 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of ACI Worldwide by 4.2% in the third quarter. Great West Life Assurance Co. Can now owns 72,092 shares of the technology company’s stock worth $1,652,000 after buying an additional 2,933 shares during the period.
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ACI Worldwide Company 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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