Royal Bank of Canada Sells 37,434 Shares of ACI Worldwide, Inc. $ACIW

Royal Bank of Canada reduced its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 71.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,760 shares of the technology company’s stock after selling 37,434 shares during the period. Royal Bank of Canada’s holdings in ACI Worldwide were worth $604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after buying an additional 1,284,419 shares in the last quarter. Norges Bank purchased a new position in ACI Worldwide in the fourth quarter worth about $54,735,000. Fuller & Thaler Asset Management Inc. grew its position in ACI Worldwide by 90.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after acquiring an additional 861,779 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ACI Worldwide by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock worth $115,364,000 after acquiring an additional 344,358 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in ACI Worldwide by 1,875.6% during the first quarter. Renaissance Technologies LLC now owns 350,333 shares of the technology company’s stock worth $14,367,000 after acquiring an additional 332,600 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $52.41 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $53.34 and its two-hundred day moving average is $45.90. ACI Worldwide, Inc. has a 52 week low of $38.05 and a 52 week high of $61.08. The company has a market capitalization of $5.29 billion, a PE ratio of 24.04 and a beta of 0.97.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACIW shares. Zacks Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. DA Davidson set a $66.00 target price on ACI Worldwide and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide has an average rating of “Buy” and an average price target of $66.00.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.