Everence Capital Management Inc. Has $217,000 Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Everence Capital Management Inc. reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,180 shares of the technology company’s stock after selling 1,320 shares during the period. Everence Capital Management Inc.’s holdings in ACI Worldwide were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after buying an additional 56,919 shares during the period. Geode Capital Management LLC increased its holdings in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after purchasing an additional 31,561 shares during the period. Hood River Capital Management LLC lifted its position in shares of ACI Worldwide by 44.9% in 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. Charles Schwab Investment Management Inc. boosted its holdings in shares of ACI Worldwide by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after purchasing an additional 33,408 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in ACI Worldwide by 144.1% during the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 285,001 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following 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 position. 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 the company’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 value of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

ACI Worldwide Stock Up 2.0 %

Shares of ACI Worldwide stock opened at $52.12 on Thursday. ACI Worldwide, Inc. has a 12-month low of $28.79 and a 12-month high of $59.71. The stock has a market capitalization of $5.47 billion, a P/E ratio of 24.70 and a beta of 1.21. 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 stock has a 50 day moving average price of $54.26 and a two-hundred day moving average price of $49.18.

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.