Quantbot Technologies LP Takes Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Quantbot Technologies LP purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,543 shares of the technology company's stock, valued at approximately $689,000.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of ACI Worldwide by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 60,412 shares of the technology company's stock worth $3,075,000 after buying an additional 1,540 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ACI Worldwide by 32.7% during the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock worth $23,565,000 after acquiring an additional 114,085 shares during the period. Swedbank AB grew its holdings in shares of ACI Worldwide by 3.5% during the 3rd quarter. Swedbank AB now owns 340,200 shares of the technology company's stock valued at $17,316,000 after purchasing an additional 11,600 shares during the last quarter. Pitcairn Co. bought a new stake in ACI Worldwide during the 3rd quarter worth approximately $235,000. Finally, Algert Global LLC increased its position in ACI Worldwide by 10.1% during the 3rd quarter. Algert Global LLC now owns 171,197 shares of the technology company's stock valued at $8,714,000 after purchasing an additional 15,690 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Trading Down 1.0 %

Shares of ACI Worldwide stock traded down $0.55 during mid-day trading on Tuesday, hitting $56.59. The stock had a trading volume of 189,614 shares, compared to its average volume of 655,984. 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 firm has a market cap of $5.94 billion, a P/E ratio of 26.85 and a beta of 1.19. The firm has a 50-day moving average of $52.71 and a two-hundred day moving average of $45.91. ACI Worldwide, Inc. has a 12-month low of $26.87 and a 12-month high of $59.71.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.50.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the company's stock in a transaction dated 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 $2,478,620.16. This represents 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 accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.

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.