Choreo LLC Purchases 8,054 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Choreo LLC increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 125.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,462 shares of the technology company's stock after acquiring an additional 8,054 shares during the period. Choreo LLC's holdings in ACI Worldwide were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of ACI Worldwide by 144.1% during the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock worth $24,571,000 after buying an additional 285,001 shares in the last quarter. Barclays PLC raised its position in ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company's stock valued at $11,513,000 after purchasing an additional 160,425 shares during the last quarter. Fisher Asset Management LLC raised its position in ACI Worldwide by 32.7% in the third quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock valued at $23,565,000 after purchasing an additional 114,085 shares during the last quarter. Millennium Management LLC grew its holdings in shares of ACI Worldwide by 710.3% during the second quarter. Millennium Management LLC now owns 94,542 shares of the technology company's stock worth $3,743,000 after purchasing an additional 82,875 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of ACI Worldwide by 22.8% in the fourth quarter. Swedbank AB now owns 417,633 shares of the technology company's stock valued at $21,679,000 after buying an additional 77,433 shares during the period. 94.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the topic of several recent research reports. Stephens downgraded shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $57.00 to $60.00 in a 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Trading Up 1.8 %

Shares of NASDAQ ACIW traded up $0.92 during midday trading on Thursday, reaching $52.54. The stock had a trading volume of 437,516 shares, compared to its average volume of 617,721. The company's 50 day moving average price is $53.11 and its 200 day moving average price is $51.45. 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 twelve month low of $29.98 and a twelve month high of $59.71. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 24.90 and a beta of 1.20.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company 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.