NJ State Employees Deferred Compensation Plan bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the technology companys stock, valued at approximately $683,000.
A number of other hedge funds have also modified their holdings of ACIW. BlackRock Inc. increased its holdings in ACI Worldwide by 23,372.8% in the first quarter. BlackRock Inc. now owns 11,990,869 shares of the technology companys stock worth $256,485,000 after purchasing an additional 11,939,785 shares in the last quarter. Janus Henderson Group PLC bought a new stake in ACI Worldwide in the second quarter worth approximately $44,104,000. FMR LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $15,401,000. Vanguard Group Inc. increased its holdings in ACI Worldwide by 4.7% in the first quarter. Vanguard Group Inc. now owns 9,618,670 shares of the technology companys stock worth $205,744,000 after purchasing an additional 429,460 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in ACI Worldwide by 30.7% in the second quarter. Artisan Partners Limited Partnership now owns 1,567,779 shares of the technology companys stock worth $35,071,000 after purchasing an additional 368,189 shares in the last quarter.
A number of equities research analysts have commented on ACIW shares. DA Davidson started coverage on ACI Worldwide in a research note on Thursday, August 31st. They issued a buy rating and a $26.00 price objective for the company. Zacks Investment Research cut ACI Worldwide from a buy rating to a hold rating in a research note on Tuesday, September 26th. Finally, BidaskClub raised ACI Worldwide from a sell rating to a hold rating in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ACI Worldwide presently has an average rating of Buy and an average price target of $25.50.
In other news, CEO Philip G. Heasley bought 5,000 shares of the firms stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $21.32 per share, with a total value of $106,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by corporate insiders.
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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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