ACI Worldwide, Inc. (NASDAQ:ACIW) Position Boosted by Cerity Partners LLC

Cerity Partners LLC increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 77.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,471 shares of the technology company’s stock after purchasing an additional 5,022 shares during the quarter. Cerity Partners LLC’s holdings in ACI Worldwide were worth $584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hood River Capital Management LLC lifted its stake in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after purchasing an additional 743,595 shares during the last quarter. Assenagon Asset Management S.A. lifted 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 worth $24,571,000 after buying an additional 285,001 shares during the last quarter. Swedbank AB boosted its stake in shares of ACI Worldwide by 228.6% during the 2nd quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock worth $13,009,000 after acquiring an additional 228,600 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of ACI Worldwide during the 2nd quarter valued at about $7,696,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of ACI Worldwide in the 2nd quarter valued at approximately $7,353,000. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

ACIW opened at $55.83 on Friday. The stock has a market cap of $5.86 billion, a P/E ratio of 26.46 and a beta of 1.19. ACI Worldwide, Inc. has a 12 month low of $26.87 and a 12 month high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $53.21 and a 200 day simple moving average of $46.37.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered shares of 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.50.

Insider Buying and Selling at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s 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 transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This 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 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.