WCM Investment Management LLC Has $16.68 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

WCM Investment Management LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,866 shares of the technology company's stock after selling 114,289 shares during the period. WCM Investment Management LLC owned about 0.31% of ACI Worldwide worth $16,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after purchasing an additional 321 shares during the period. Blue Trust Inc. lifted its stake 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 during the period. GAMMA Investing LLC lifted its stake in ACI Worldwide by 62.0% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock worth $108,000 after purchasing an additional 810 shares during the period. nVerses Capital LLC bought a new position in ACI Worldwide during the third quarter worth about $112,000. Finally, Capital Performance Advisors LLP bought a new position in ACI Worldwide during the third quarter worth about $118,000. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded up $0.92 during midday trading on Thursday, reaching $52.54. The company had a trading volume of 437,516 shares, compared to its average volume of 617,721. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.90 and a beta of 1.20. The stock has a fifty day simple moving average of $53.11 and a 200 day simple moving average of $51.45. ACI Worldwide, Inc. has a 1-year low of $29.98 and a 1-year high of $59.71.

Insider Activity at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the firm's stock in a transaction that occurred on 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 sale, the chief technology officer now owns 81,107 shares of the company's stock, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.