Geode Capital Management LLC Grows Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Geode Capital Management LLC grew its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,502,628 shares of the technology company’s stock after buying an additional 31,561 shares during the quarter. Geode Capital Management LLC owned 2.39% of ACI Worldwide worth $127,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACIW. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 321 shares during the last quarter. Fifth Third Bancorp increased its position in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the last quarter. CWM LLC raised its holdings in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares in the last quarter. GAMMA Investing LLC lifted its position 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. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide in the third quarter worth approximately $112,000. 94.74% of the stock is owned by institutional investors.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

ACI Worldwide Price Performance

ACIW stock opened at $53.77 on Wednesday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 25.48 and a beta of 1.19. The firm’s 50-day moving average price is $53.73 and its two-hundred day moving average price is $47.39. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $28.79 and a 12-month high of $59.71.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACIW shares. 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 shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.