Swedbank AB Acquires 77,433 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Swedbank AB raised its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,633 shares of the technology company’s stock after acquiring an additional 77,433 shares during the quarter. Swedbank AB’s holdings in ACI Worldwide were worth $21,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Blue Trust Inc. boosted its stake in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after buying an additional 298 shares during the period. GAMMA Investing LLC grew its position in ACI Worldwide by 62.0% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after buying an additional 810 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of ACI Worldwide in the 3rd quarter valued at about $112,000. Finally, USA Financial Formulas purchased a new stake in ACI Worldwide in the third quarter valued at approximately $114,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $59.71. The company has a market capitalization of $5.70 billion, a P/E ratio of 25.76 and a beta of 1.21. The stock has a 50 day moving average price of $53.87 and a two-hundred day moving average price of $50.69.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACIW. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.50.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.