Callan Family Office LLC Takes $525,000 Position in ACI Worldwide, Inc. $ACIW

Callan Family Office LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,430 shares of the technology company’s stock, valued at approximately $525,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of ACI Worldwide by 8.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company’s stock worth $124,000 after purchasing an additional 230 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ACI Worldwide by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock valued at $96,000 after acquiring an additional 249 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of ACI Worldwide by 6.0% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock valued at $221,000 after acquiring an additional 260 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of ACI Worldwide by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Down 0.0%

ACIW stock opened at $52.40 on Wednesday. The firm has a market cap of $5.29 billion, a PE ratio of 24.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50 day moving average price is $53.47 and its 200-day moving average price is $45.98. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $61.08.

Analyst Upgrades and Downgrades

ACIW has been the topic of a number of research 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 set a $66.00 price objective on ACI Worldwide and gave the stock a “buy” rating in a research report on Friday, August 7th. Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $66.00.

ACI Worldwide Profile

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.