Macquarie Group Ltd. Trims Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Posted by on Mar 7th, 2023

Macquarie Group Ltd. reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 345,184 shares of the technology company’s stock after selling 2,631 shares during the quarter. Macquarie Group Ltd. owned approximately 0.31% of ACI Worldwide worth $7,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter valued at about $36,000. Eagle Bay Advisors LLC lifted its holdings in ACI Worldwide by 139.3% during the second quarter. Eagle Bay Advisors LLC now owns 3,065 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,784 shares in the last quarter. Islay Capital Management LLC bought a new position in shares of ACI Worldwide in the second quarter worth approximately $99,000. Point72 Hong Kong Ltd raised its position in shares of ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,106 shares during the period. Finally, Assetmark Inc. raised its position in shares of ACI Worldwide by 62.1% during the 3rd quarter. Assetmark Inc. now owns 4,622 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,771 shares during the period. 97.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a report on Thursday, March 2nd. DA Davidson lifted their target price on ACI Worldwide from $29.00 to $34.00 in a research note on Thursday, March 2nd. Finally, Stephens upped their price target on ACI Worldwide from $27.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.67.

ACI Worldwide Trading Down 0.8 %

Shares of ACIW stock opened at $25.67 on Tuesday. The stock’s 50-day moving average price is $26.53 and its 200-day moving average price is $23.49. ACI Worldwide, Inc. has a 12-month low of $19.68 and a 12-month high of $34.20. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.37 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86.

ACI Worldwide Company Profile

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ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.

See Also

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

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