ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 40.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,496 shares of the technology company’s stock after buying an additional 1,292 shares during the quarter. KBC Group NV’s holdings in ACI Worldwide were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after purchasing an additional 56,919 shares in the last quarter. Geode Capital Management LLC grew its position in ACI Worldwide by 1.3% during the third 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. increased its holdings in ACI Worldwide by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after buying an additional 33,408 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of ACI Worldwide by 144.1% during the 3rd 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 boosted its stake in shares of ACI Worldwide by 32.7% during the 3rd 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 in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company’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 transaction, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the sale, the chief technology officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $53.70 on Wednesday. ACI Worldwide, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $59.71. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.45 and a beta of 1.20. The stock has a fifty day moving average of $53.60 and a two-hundred day moving average of $51.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Analyst Ratings Changes

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

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.