Farther Finance Advisors LLC Has $26,000 Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 177.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 502 shares of the technology company’s stock after buying an additional 321 shares during the period. Farther Finance Advisors LLC’s holdings in ACI Worldwide were worth $26,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACIW. Fifth Third Bancorp increased its holdings in 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 purchasing an additional 624 shares during the period. GAMMA Investing LLC increased its holdings in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares during the period. CWM LLC increased its holdings in ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares during the period. nVerses Capital LLC acquired a new stake in ACI Worldwide in the third quarter valued at $112,000. Finally, USA Financial Formulas acquired a new stake in ACI Worldwide in the third quarter valued at $114,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on ACIW shares. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Stephens cut shares of 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 upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW opened at $54.29 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a 50-day moving average of $50.99 and a 200-day moving average of $44.19. The company has a market cap of $5.69 billion, a PE ratio of 25.73 and a beta of 1.19. ACI Worldwide, Inc. has a one year low of $24.76 and a one year high of $59.60.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.