Fisher Asset Management LLC Boosts Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fisher Asset Management LLC lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,012 shares of the technology company’s stock after acquiring an additional 2,041 shares during the quarter. Fisher Asset Management LLC owned 0.44% of ACI Worldwide worth $24,139,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ACIW. First Trust Direct Indexing L.P. purchased a new stake in shares of ACI Worldwide during the 3rd quarter worth about $214,000. Farther Finance Advisors LLC boosted its stake in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of ACI Worldwide by 160.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,121 shares of the technology company’s stock worth $3,213,000 after acquiring an additional 38,895 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of ACI Worldwide during the 3rd quarter worth about $118,000. Finally, Assetmark Inc. boosted its stake in shares of ACI Worldwide by 6.6% during the 3rd quarter. Assetmark Inc. now owns 33,636 shares of the technology company’s stock worth $1,712,000 after acquiring an additional 2,096 shares in the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Stock Down 4.2 %

ACIW opened at $54.95 on Tuesday. ACI Worldwide, Inc. has a twelve month low of $30.82 and a twelve 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 50-day moving average price of $52.81 and a 200 day moving average price of $52.15. The company has a market cap of $5.76 billion, a PE ratio of 26.04 and a beta of 1.20.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.