ACI Worldwide, Inc. (NASDAQ:ACIW) Holdings Boosted by Swedbank AB

Swedbank AB grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,200 shares of the technology company’s stock after purchasing an additional 11,600 shares during the quarter. Swedbank AB owned approximately 0.33% of ACI Worldwide worth $17,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 321 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after buying an additional 624 shares during the last quarter. CWM LLC grew its holdings in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after buying an additional 1,143 shares in the last quarter. GAMMA Investing LLC increased its position in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the period. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide during the 3rd quarter valued at $112,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, the director now directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACIW shares. Canaccord Genuity Group raised their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Finally, StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide has an average rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Stock Performance

ACIW stock opened at $57.30 on Wednesday. The firm has a 50 day simple moving average of $51.99 and a 200 day simple moving average of $45.19. ACI Worldwide, Inc. has a 52 week low of $25.09 and a 52 week high of $59.71. The stock has a market cap of $6.01 billion, a P/E ratio of 27.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

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.