WCM Investment Management LLC Lowers Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

WCM Investment Management LLC lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 323,866 shares of the technology company’s stock after selling 114,289 shares during the period. WCM Investment Management LLC’s holdings in ACI Worldwide were worth $16,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares during the period. GAMMA Investing LLC boosted its stake in ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after buying an additional 810 shares during the last quarter. nVerses Capital LLC purchased a new stake in ACI Worldwide in the 3rd quarter valued at about $112,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of ACI Worldwide during the 3rd quarter valued at about $118,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction that occurred on 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 $2,478,620.16. This trade 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 the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction 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 approximately $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. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

ACI Worldwide Stock Down 2.1 %

ACIW opened at $52.89 on Monday. The company has a market cap of $5.55 billion, a PE ratio of 25.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 1 year low of $28.93 and a 1 year high of $59.71. The firm has a 50 day moving average price of $53.43 and a 200 day moving average price of $51.30.

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.