Woodmont Investment Counsel LLC Has $4.33 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Woodmont Investment Counsel LLC decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,071 shares of the technology company’s stock after selling 3,909 shares during the period. Woodmont Investment Counsel LLC owned 0.08% of ACI Worldwide worth $4,330,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC grew its stake in shares of ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in ACI Worldwide during the third quarter worth $112,000. 94.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ACIW. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson raised their price objective on ACI Worldwide from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group boosted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Stock Up 6.4 %

Shares of NASDAQ ACIW opened at $54.42 on Thursday. ACI Worldwide, Inc. has a 52-week low of $24.02 and a 52-week high of $54.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.32. The business has a fifty day moving average of $49.97 and a two-hundred day moving average of $43.11. The stock has a market cap of $5.70 billion, a PE ratio of 32.20 and a beta of 1.19.

ACI Worldwide Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.