Fisher Asset Management LLC Buys 114,085 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Fisher Asset Management LLC increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 32.7% during the 3rd quarter, Holdings Channel reports. The firm owned 462,971 shares of the technology company’s stock after acquiring an additional 114,085 shares during the quarter. Fisher Asset Management LLC’s holdings in ACI Worldwide were worth $23,565,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of ACI Worldwide in the 1st quarter worth $3,321,000. Oliver Luxxe Assets LLC raised its holdings in shares of ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock valued at $1,684,000 after acquiring an additional 16,418 shares in the last quarter. Algert Global LLC lifted its stake in ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after acquiring an additional 138,447 shares during the period. Sei Investments Co. lifted its position in shares of ACI Worldwide by 2.8% in the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock worth $16,942,000 after purchasing an additional 11,638 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of ACI Worldwide by 14.7% during the third quarter. Harbor Capital Advisors Inc. now owns 133,681 shares of the technology company’s stock valued at $6,804,000 after purchasing an additional 17,105 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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 completion of the sale, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

ACI Worldwide Price Performance

Shares of ACIW stock opened at $56.66 on Thursday. ACI Worldwide, Inc. has a fifty-two week low of $26.43 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.85 and a beta of 1.19. The stock’s 50-day simple moving average is $52.15 and its 200-day simple moving average is $45.34.

Analysts Set New Price Targets

ACIW has been the subject of a number of analyst reports. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson lowered shares of 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 research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.50.

About ACI Worldwide

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.