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

Swedbank AB increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,200 shares of the technology company's stock after acquiring an additional 11,600 shares during the quarter. Swedbank AB owned approximately 0.33% of ACI Worldwide worth $17,316,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ACIW. CANADA LIFE ASSURANCE Co increased its holdings in shares of ACI Worldwide by 26.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 109,169 shares of the technology company's stock valued at $3,623,000 after purchasing an additional 22,992 shares during the period. Oliver Luxxe Assets LLC increased its stake in ACI Worldwide by 98.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company's stock valued at $1,684,000 after buying an additional 16,418 shares during the period. Algert Global LLC raised its position in ACI Worldwide by 811.5% during the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company's stock worth $6,157,000 after buying an additional 138,447 shares during the last quarter. Sei Investments Co. lifted its stake in shares of ACI Worldwide by 2.8% in the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company's stock worth $16,942,000 after acquiring an additional 11,638 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of ACI Worldwide by 14.7% in the third quarter. Harbor Capital Advisors Inc. now owns 133,681 shares of the technology company's stock valued at $6,804,000 after acquiring an additional 17,105 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Price Performance

ACIW traded down $0.64 during trading on Wednesday, reaching $56.66. 468,231 shares of the stock were exchanged, compared to its average volume of 658,939. ACI Worldwide, Inc. has a 1 year low of $26.43 and a 1 year high of $59.71. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.89 and a beta of 1.19. The business's 50 day moving average price is $52.15 and its two-hundred day moving average price is $45.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Wall Street Analyst Weigh In

ACIW has been the subject of several analyst reports. StockNews.com cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a report on Friday, August 2nd. Canaccord Genuity Group upped their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. DA Davidson downgraded ACI Worldwide from a "buy" rating to a "neutral" rating and raised their target price for the company from $57.00 to $60.00 in a report on Friday, November 8th. Finally, Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $49.50.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the 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 sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

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.