ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,334 shares of the technology company’s stock after acquiring an additional 2,700 shares during the period. Handelsbanken Fonder AB’s holdings in ACI Worldwide were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after purchasing an additional 238 shares during the period. Blue Trust Inc. boosted its position in 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 last quarter. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ACI Worldwide by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock worth $136,000 after acquiring an additional 508 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in shares of ACI Worldwide by 12.3% in the fourth quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock worth $279,000 after acquiring an additional 590 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 0.0 %

ACIW stock opened at $50.58 on Thursday. ACI Worldwide, Inc. has a 1-year low of $30.63 and a 1-year high of $59.71. The firm has a fifty day moving average price of $52.62 and a two-hundred day moving average price of $51.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 23.97 and a beta of 1.20.

Insider Buying and Selling

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and raised 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide currently has an average rating of “Hold” and an average target price of $49.50.

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.