Conestoga Capital Advisors LLC lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,874,780 shares of the technology company’s stock after buying an additional 156,959 shares during the period. ACI Worldwide comprises approximately 1.9% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Conestoga Capital Advisors LLC owned approximately 1.59% of ACI Worldwide worth $42,707,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in shares of ACI Worldwide by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after buying an additional 2,357 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in ACI Worldwide in the third quarter valued at $203,000. LS Investment Advisors LLC increased its holdings in ACI Worldwide by 17.4% in the second quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock valued at $211,000 after purchasing an additional 1,397 shares during the period. Strs Ohio increased its holdings in ACI Worldwide by 17.3% in the second quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock valued at $212,000 after purchasing an additional 1,400 shares during the period. Finally, Capstone Asset Management Co. increased its holdings in ACI Worldwide by 0.7% in the second quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock valued at $232,000 after purchasing an additional 70 shares during the period.

In other ACI Worldwide news, CEO Philip G. Heasley purchased 5,000 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $21.32 per share, with a total value of $106,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

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ACI Worldwide, Inc. (ACIW) traded down 1.74% during mid-day trading on Wednesday, reaching $23.66. The company had a trading volume of 436,858 shares. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 109.54 and a beta of 1.34. The firm has a 50-day moving average price of $23.52 and a 200 day moving average price of $22.83. ACI Worldwide, Inc. has a 12-month low of $15.11 and a 12-month high of $24.66.

A number of research firms recently weighed in on ACIW. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, DA Davidson began coverage on ACI Worldwide in a report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. ACI Worldwide has an average rating of “Buy” and a consensus target price of $25.50.

ACI Worldwide Company Profile

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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