Robeco Institutional Asset Management B.V. Purchases 39,023 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Robeco Institutional Asset Management B.V. raised its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 61.8% in the fourth quarter, Holdings Channel reports. The fund owned 102,144 shares of the technology company’s stock after buying an additional 39,023 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ACI Worldwide were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its position in shares of ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after purchasing an additional 56,919 shares during the last quarter. Geode Capital Management LLC increased its position in ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after buying an additional 31,561 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of ACI Worldwide by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after buying an additional 33,408 shares during the last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $24,571,000 after acquiring an additional 285,001 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of ACI Worldwide by 32.7% in the third 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 last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACIW has been the subject of several research analyst reports. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped 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 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, ACI Worldwide has a consensus rating of “Hold” and an average target price of $49.50.

Insiders Place Their Bets

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction 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 in the company, valued at $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 Trading Down 1.5 %

Shares of ACIW stock opened at $53.55 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a fifty day moving average of $53.77 and a 200-day moving average of $50.89. ACI Worldwide, Inc. has a 52-week low of $28.79 and a 52-week high of $59.71. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 25.38 and a beta of 1.21.

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.