ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by Choreo LLC

Choreo LLC raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 125.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,462 shares of the technology company’s stock after acquiring an additional 8,054 shares during the quarter. Choreo LLC’s holdings in ACI Worldwide were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ACIW. State Street Corp raised its holdings in ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after buying an additional 56,919 shares during the period. Geode Capital Management LLC increased its position in shares of ACI Worldwide by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after acquiring an additional 31,561 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $70,737,000 after acquiring an additional 33,408 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of ACI Worldwide by 144.1% in 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 in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in ACI Worldwide by 32.7% in the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock worth $23,565,000 after purchasing an additional 114,085 shares during the period. Institutional investors own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on Friday, December 6th. The shares were 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 approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Down 2.1 %

Shares of NASDAQ:ACIW opened at $52.89 on Monday. The firm has a fifty day moving average of $53.43 and a two-hundred day moving average of $51.30. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $28.93 and a 12-month high of $59.71. The firm has a market capitalization of $5.55 billion, a P/E ratio of 25.07 and a beta of 1.20.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 lowered ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ACI Worldwide currently has an average rating of “Hold” and a consensus target price of $49.50.

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.