Fisher Asset Management LLC Has $23.57 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fisher Asset Management LLC grew its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 32.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462,971 shares of the technology company's stock after purchasing an additional 114,085 shares during the quarter. Fisher Asset Management LLC owned approximately 0.44% of ACI Worldwide worth $23,565,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after buying an additional 321 shares in the last quarter. Fifth Third Bancorp increased its position in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after acquiring an additional 624 shares during the period. CWM LLC raised its stake in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after purchasing an additional 1,143 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after purchasing an additional 431 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ACIW shares. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Stephens cut shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Finally, DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and boosted their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.50.

ACI Worldwide Price Performance

Shares of ACIW stock traded down $0.64 on Thursday, reaching $56.66. The company had a trading volume of 468,328 shares, compared to its average volume of 658,939. The business's 50-day moving average is $52.30 and its 200 day moving average is $45.42. ACI Worldwide, Inc. has a one year low of $26.43 and a one year high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.94 billion, a PE ratio of 26.85 and a beta of 1.19.

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm's 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 completion of the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.