Nordea Investment Management AB Has $12.75 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Nordea Investment Management AB raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,654 shares of the technology company’s stock after purchasing an additional 11,391 shares during the quarter. Nordea Investment Management AB owned 0.23% of ACI Worldwide worth $12,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hood River Capital Management LLC boosted its stake in ACI Worldwide by 44.9% in the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after buying an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock worth $24,571,000 after acquiring an additional 285,001 shares during the last quarter. Barclays PLC boosted its stake in shares of ACI Worldwide by 244.0% in the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock valued at $11,513,000 after purchasing an additional 160,425 shares in the last quarter. Algert Global LLC grew its holdings in shares of ACI Worldwide by 811.5% during the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after purchasing an additional 138,447 shares during the last quarter. Finally, AXA S.A. acquired a new position in ACI Worldwide during the 2nd quarter worth approximately $5,336,000. 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 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 $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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 approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Price Performance

ACIW stock opened at $52.12 on Thursday. The company has a market capitalization of $5.47 billion, a P/E ratio of 24.70 and a beta of 1.21. The company has a fifty day moving average price of $54.26 and a 200-day moving average price of $49.18. 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 52-week low of $28.79 and a 52-week high of $59.71.

Analysts Set New Price Targets

ACIW has been the topic of a number of research analyst reports. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. 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, ACI Worldwide has an average rating of “Hold” and an average price target 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.