Robeco Institutional Asset Management B.V. grew its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,144 shares of the technology company's stock after acquiring an additional 39,023 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of ACI Worldwide worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Oliver Luxxe Assets LLC increased its holdings in ACI Worldwide by 98.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company's stock worth $1,684,000 after purchasing an additional 16,418 shares in the last quarter. Verition Fund Management LLC grew its holdings in ACI Worldwide by 86.5% during the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company's stock worth $1,004,000 after buying an additional 9,149 shares in the last quarter. Intech Investment Management LLC purchased a new stake in ACI Worldwide in the 3rd quarter valued at $1,248,000. Harbor Capital Advisors Inc. lifted its stake in ACI Worldwide by 14.7% during the 3rd 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. Finally, State Street Corp boosted its holdings in ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after acquiring an additional 56,919 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred 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 approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
ACIW has been the subject of several analyst reports. Stephens downgraded shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. DA Davidson lowered shares of 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 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.50.
Check Out Our Latest Research Report on ACIW
ACI Worldwide Stock Performance
Shares of NASDAQ:ACIW traded down $0.80 during midday trading on Thursday, reaching $54.03. The company had a trading volume of 662,045 shares, compared to its average volume of 643,506. The stock has a market cap of $5.67 billion, a P/E ratio of 25.61 and a beta of 1.20. The company's 50 day moving average price is $53.51 and its 200 day moving average price is $51.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 52-week low of $28.93 and a 52-week high of $59.71.
ACI Worldwide Profile
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Free Report)
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.
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