Swedbank AB Acquires 11,600 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Swedbank AB increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,200 shares of the technology company’s stock after purchasing an additional 11,600 shares during the period. Swedbank AB’s holdings in ACI Worldwide were worth $17,316,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ACIW. O Shaughnessy Asset Management LLC boosted its stake in shares of ACI Worldwide by 23.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company’s stock worth $299,000 after acquiring an additional 1,709 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in ACI Worldwide by 26.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company’s stock worth $3,623,000 after purchasing an additional 22,992 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in ACI Worldwide by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,983 shares during the last quarter. LRI Investments LLC bought a new position in shares of ACI Worldwide in the first quarter valued at approximately $227,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of ACI Worldwide by 4.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 167,265 shares of the technology company’s stock worth $5,420,000 after buying an additional 6,609 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACIW has been the topic of several recent analyst reports. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Canaccord Genuity Group lifted their price target on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.50.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Trading Down 1.7 %

Shares of ACIW opened at $57.30 on Wednesday. The stock’s 50-day moving average price is $51.99 and its 200 day moving average price is $45.19. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $25.09 and a 12-month high of $59.71. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 27.16 and a beta of 1.19.

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.