Geode Capital Management LLC Grows Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Geode Capital Management LLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,502,628 shares of the technology company’s stock after purchasing an additional 31,561 shares during the period. Geode Capital Management LLC’s holdings in ACI Worldwide were worth $127,407,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hood River Capital Management LLC boosted its holdings in shares of ACI Worldwide by 44.9% during the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after buying an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in ACI Worldwide by 144.1% during the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock worth $24,571,000 after acquiring an additional 285,001 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in ACI Worldwide during the second quarter worth about $7,696,000. Allspring Global Investments Holdings LLC purchased a new stake in ACI Worldwide in the second quarter worth about $7,353,000. Finally, Barclays PLC increased its stake in shares of ACI Worldwide by 244.0% during the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock valued at $11,513,000 after purchasing an additional 160,425 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stephens cut 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 stock from $57.00 to $60.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.50.

ACI Worldwide Stock Performance

ACIW stock opened at $53.77 on Wednesday. The stock’s 50 day simple moving average is $53.73 and its 200 day simple moving average is $47.39. 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, Inc. has a 12-month low of $28.79 and a 12-month high of $59.71. The stock has a market capitalization of $5.64 billion, a PE ratio of 25.48 and a beta of 1.19.

Insider Transactions at ACI Worldwide

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 shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Company 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.