Squarepoint Ops LLC Sells 163,477 Shares of ACI Worldwide, Inc. $ACIW

Key Points

• Squarepoint Ops LLC cut its ACI Worldwide stake by 92.6% in the second quarter, selling 163,477 shares and retaining 12,998 shares valued at approximately $654,000.
• Institutional ownership remains high at 94.73%, with several funds increasing their positions or initiating new stakes during the quarter.
• Analyst sentiment is mixed but leans bullish: ACI Worldwide has a consensus “Buy” rating and an average price target of $66.00, versus a reported share price of $50.27.

Squarepoint Ops LLC cut its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 92.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,998 shares of the technology company's stock after selling 163,477 shares during the quarter. Squarepoint Ops LLC's holdings in ACI Worldwide were worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its position in ACI Worldwide by 50.8% during the second quarter. Allworth Financial LP now owns 1,163 shares of the technology company's stock valued at $58,000 after buying an additional 392 shares during the period. Nykredit A S bought a new stake in ACI Worldwide in the second quarter worth about $169,000. Corient Private Wealth LP boosted its stake in ACI Worldwide by 7.3% in the second quarter. Corient Private Wealth LP now owns 53,389 shares of the technology company's stock valued at $2,685,000 after acquiring an additional 3,611 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in ACI Worldwide in the second quarter valued at about $1,252,000. Finally, AXQ Capital LP bought a new position in shares of ACI Worldwide during the 2nd quarter valued at approximately $977,000. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACIW has been the subject of several research analyst reports. Wall Street Zen lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. DA Davidson restated a "buy" rating and issued a $66.00 target price on shares of ACI Worldwide in a research note on Wednesday, September 2nd. Zacks Research raised ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $66.00.

ACI Worldwide Trading Down 1.8%

Shares of ACIW stock opened at $50.27 on Friday. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 23.06 and a beta of 0.98. The company's fifty day simple moving average is $54.20 and its two-hundred day simple moving average is $47.44. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $61.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58.

About ACI Worldwide

ACI Worldwide, Inc is a global provider of payment systems and software for financial institutions, merchants, billers and intermediaries. Its technology supports electronic payments across banking, retail, bill payment and other commerce applications, helping organizations process transactions and manage payment operations.

The company's offerings include real-time payment infrastructure, digital banking and account-to-account payment capabilities, merchant payment solutions, bill payment services and fraud management tools.

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