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

Swedbank AB increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,633 shares of the technology company’s stock after acquiring an additional 77,433 shares during the quarter. Swedbank AB owned 0.40% of ACI Worldwide worth $21,679,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACIW. Squarepoint Ops LLC bought a new stake in ACI Worldwide in the second quarter valued at $880,000. Millennium Management LLC increased its position in ACI Worldwide by 710.3% in the 2nd quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock valued at $3,743,000 after buying an additional 82,875 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in ACI Worldwide by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after buying an additional 469 shares during the period. Mackenzie Financial Corp boosted its holdings in ACI Worldwide by 4.8% in the second quarter. Mackenzie Financial Corp now owns 62,958 shares of the technology company’s stock worth $2,493,000 after acquiring an additional 2,879 shares in the last quarter. Finally, Creative Planning grew its stake in ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company’s stock valued at $1,030,000 after acquiring an additional 5,067 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 $54.35 on Friday. The company has a fifty day moving average price of $53.87 and a 200-day moving average price of $50.69. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 25.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACIW shares. 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 lifted their price objective for the company from $57.00 to $60.00 in a report 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.50.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide 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 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 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.