Fiera Capital Corp Has $44.04 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fiera Capital Corp lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 848,462 shares of the technology company’s stock after selling 20,131 shares during the period. Fiera Capital Corp’s holdings in ACI Worldwide were worth $44,044,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CWM LLC grew its position in shares of ACI Worldwide by 138.6% during the 3rd quarter. CWM LLC now owns 3,154 shares of the technology company’s stock worth $161,000 after buying an additional 1,832 shares during the period. Creative Planning grew its holdings in ACI Worldwide by 35.0% during the third quarter. Creative Planning now owns 35,097 shares of the technology company’s stock valued at $1,786,000 after purchasing an additional 9,091 shares during the period. Swedbank AB increased its stake in ACI Worldwide by 3.5% in the third quarter. Swedbank AB now owns 340,200 shares of the technology company’s stock valued at $17,316,000 after purchasing an additional 11,600 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in ACI Worldwide in the third quarter valued at approximately $235,000. Finally, One Wealth Advisors LLC raised its holdings in ACI Worldwide by 31.2% in the third quarter. One Wealth Advisors LLC now owns 7,335 shares of the technology company’s stock worth $373,000 after purchasing an additional 1,743 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Down 1.3 %

ACI Worldwide stock opened at $51.62 on Thursday. ACI Worldwide, Inc. has a fifty-two week low of $29.64 and a fifty-two week high of $59.71. The firm has a market capitalization of $5.41 billion, a PE ratio of 24.46 and a beta of 1.20. The company’s 50-day moving average is $53.16 and its 200-day moving average is $51.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, 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 transaction, the chief technology officer now directly owns 81,107 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.