Legato Capital Management LLC Reduces Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Legato Capital Management LLC decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,275 shares of the technology company’s stock after selling 705 shares during the quarter. Legato Capital Management LLC’s holdings in ACI Worldwide were worth $1,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock worth $24,571,000 after purchasing an additional 285,001 shares during the last quarter. Barclays PLC lifted its holdings in ACI Worldwide by 244.0% in the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after buying an additional 160,425 shares during the period. Fisher Asset Management LLC grew its position in shares of ACI Worldwide by 32.7% in the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock worth $23,565,000 after buying an additional 114,085 shares during the last quarter. EULAV Asset Management bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $5,463,000. Finally, Swedbank AB increased its stake in shares of ACI Worldwide by 22.8% during the fourth quarter. Swedbank AB now owns 417,633 shares of the technology company’s stock valued at $21,679,000 after buying an additional 77,433 shares during the period. 94.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction dated 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 $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on ACIW shares. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Trading Down 1.3 %

ACIW opened at $51.62 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 52 week low of $29.64 and a 52 week high of $59.71. The stock has a market cap of $5.41 billion, a PE ratio of 24.46 and a beta of 1.20. The business has a 50 day moving average of $53.16 and a 200-day moving average of $51.44.

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.