ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 465,012 shares of the technology company’s stock after acquiring an additional 2,041 shares during the period. Fisher Asset Management LLC’s holdings in ACI Worldwide were worth $24,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in ACI Worldwide by 3.2% in the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after acquiring an additional 238 shares during the last quarter. Blue Trust Inc. grew its stake in shares of ACI Worldwide by 104.9% in the 4th 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. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the period. GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after buying an additional 508 shares during the period. Finally, Savant Capital LLC grew its stake in shares of ACI Worldwide by 12.3% in the 4th quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock valued at $279,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $54.95 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $5.76 billion, a P/E ratio of 26.04 and a beta of 1.20. The company has a 50 day moving average price of $52.81 and a 200 day moving average price of $52.15. ACI Worldwide, Inc. has a fifty-two week low of $30.82 and a fifty-two week high of $59.71.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

About ACI Worldwide

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.