Nordea Investment Management AB Has $12.75 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Nordea Investment Management AB boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,654 shares of the technology company's stock after buying an additional 11,391 shares during the quarter. Nordea Investment Management AB owned approximately 0.23% of ACI Worldwide worth $12,753,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC raised its stake in shares of ACI Worldwide by 3.4% in the second quarter. Natixis Advisors LLC now owns 31,192 shares of the technology company's stock valued at $1,235,000 after acquiring an additional 1,029 shares during the last quarter. Los Angeles Capital Management LLC raised its position in ACI Worldwide by 42.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 31,990 shares of the technology company's stock valued at $1,266,000 after purchasing an additional 9,522 shares during the last quarter. Quest Partners LLC acquired a new position in ACI Worldwide in the second quarter worth $438,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of ACI Worldwide during the second quarter worth $166,000. Finally, Choreo LLC acquired a new stake in shares of ACI Worldwide in the second quarter valued at $223,000. 94.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, the director now directly owns 43,272 shares of the company's stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Trading Up 2.0 %

ACIW stock traded up $1.01 during midday trading on Thursday, reaching $52.12. The stock had a trading volume of 488,549 shares, compared to its average volume of 582,170. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 24.70 and a beta of 1.21. ACI Worldwide, Inc. has a twelve month low of $28.79 and a twelve month 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 business has a fifty day simple moving average of $54.31 and a two-hundred day simple moving average of $49.20.

Analysts Set New Price Targets

Several research analysts recently issued reports on ACIW shares. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Four 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 a consensus rating of "Hold" and an average price target of $49.50.

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.