Wellington Management Group LLP Has $32.18 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Wellington Management Group LLP decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 55.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,191 shares of the technology company's stock after selling 775,208 shares during the quarter. Wellington Management Group LLP owned approximately 0.60% of ACI Worldwide worth $32,179,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in ACI Worldwide by 177.3% during 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. Cetera Trust Company N.A lifted its holdings in ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after purchasing an additional 350 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $2,331,000 after purchasing an additional 469 shares during the last quarter. Fifth Third Bancorp increased its position in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after buying an additional 624 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in ACI Worldwide by 2.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,694 shares of the technology company's stock worth $1,664,000 after buying an additional 704 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Buying and Selling

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and increased their price objective for the stock 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded down $0.37 during mid-day trading on Friday, reaching $54.23. The company had a trading volume of 200,187 shares, compared to its average volume of 657,775. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a one year low of $28.79 and a one year high of $59.71. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 25.88 and a beta of 1.19. The business's 50-day simple moving average is $53.54 and its 200 day simple moving average is $46.82.

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.