Fiera Capital Corp Trims Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fiera Capital Corp trimmed its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 848,462 shares of the technology company's stock after selling 20,131 shares during the period. Fiera Capital Corp owned about 0.81% of ACI Worldwide worth $44,044,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Savant Capital LLC grew its position in shares of ACI Worldwide by 12.3% in the 4th quarter. Savant Capital LLC now owns 5,381 shares of the technology company's stock worth $279,000 after buying an additional 590 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $366,000. Entropy Technologies LP bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $331,000. Empowered Funds LLC bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $517,000. Finally, EULAV Asset Management bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $5,463,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.50.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, 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 transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

ACI Worldwide Stock Down 0.1 %

Shares of NASDAQ ACIW traded down $0.03 during mid-day trading on Friday, hitting $52.51. 452,564 shares of the stock traded hands, compared to its average volume of 626,715. 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 52 week low of $29.98 and a 52 week high of $59.71. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 24.89 and a beta of 1.20. The stock has a fifty day moving average price of $53.04 and a 200-day moving average price of $51.58.

ACI Worldwide Company 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.