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

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

Several other large investors have also recently bought and sold shares of ACIW. Hood River Capital Management LLC grew its holdings in shares of ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after purchasing an additional 743,595 shares in the last quarter. Reinhart Partners LLC. grew its stake in ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock worth $90,576,000 after buying an additional 18,229 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ACI Worldwide by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company’s stock worth $37,608,000 after buying an additional 56,113 shares during the last quarter. Fiera Capital Corp raised its position in shares of ACI Worldwide by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company’s stock valued at $35,498,000 after buying an additional 10,568 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of ACI Worldwide by 0.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company’s stock worth $22,356,000 after acquiring an additional 3,983 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $58.31 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a one year low of $25.09 and a one year high of $59.71. The business’s 50 day simple moving average is $51.99 and its two-hundred day simple moving average is $45.19. The stock has a market capitalization of $6.12 billion, a P/E ratio of 27.64 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACIW. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.50.

Insider Buying and Selling

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 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 represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.