Natixis Advisors LLC Raises Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Natixis Advisors LLC raised its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,055 shares of the technology company’s stock after acquiring an additional 4,863 shares during the quarter. Natixis Advisors LLC’s holdings in ACI Worldwide were worth $1,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares in the last quarter. Fifth Third Bancorp grew its position in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after buying an additional 624 shares during the period. GAMMA Investing LLC increased its stake in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares in the last quarter. CWM LLC lifted its position in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares during the period. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide during the third quarter worth about $112,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of analyst reports. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Canaccord Genuity Group lifted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW opened at $58.31 on Tuesday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 27.64 and a beta of 1.19. The business’s fifty day simple moving average is $51.99 and its two-hundred day simple moving average is $45.19. ACI Worldwide, Inc. has a 12 month low of $25.09 and a 12 month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

ACI Worldwide 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.