ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by Swedbank AB

Swedbank AB boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,633 shares of the technology company's stock after acquiring an additional 77,433 shares during the quarter. Swedbank AB owned 0.40% of ACI Worldwide worth $21,679,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Blue Trust Inc. raised its holdings in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of ACI Worldwide by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock worth $108,000 after buying an additional 810 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at $112,000. Finally, USA Financial Formulas purchased a new position in shares of ACI Worldwide in the 3rd quarter valued at $114,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACIW shares. Stephens cut shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson downgraded 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 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 presently has an average rating of "Hold" and a consensus price target of $49.50.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the 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 transaction, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW traded down $0.19 during mid-day trading on Monday, hitting $53.36. 287,709 shares of the company's stock were exchanged, compared to its average volume of 597,538. The firm has a market capitalization of $5.60 billion, a P/E ratio of 25.33 and a beta of 1.20. ACI Worldwide, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $59.71. The business's 50 day moving average is $53.77 and its two-hundred day moving average is $50.89. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

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.