Nkcfo LLC Makes New $208,000 Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Nkcfo LLC purchased a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,000 shares of the technology company’s stock, valued at approximately $208,000.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its holdings in ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after buying an additional 56,919 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ACI Worldwide by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after acquiring an additional 31,561 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ACI Worldwide by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after acquiring an additional 33,408 shares during the last quarter. Congress Asset Management Co. bought a new position in ACI Worldwide during the fourth quarter worth $55,998,000. Finally, Assenagon Asset Management S.A. raised its stake in ACI Worldwide by 144.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 285,001 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Trading Down 0.1 %

Shares of ACI Worldwide stock opened at $52.51 on Friday. ACI Worldwide, Inc. has a 52-week low of $29.98 and a 52-week high of $59.71. The firm has a market capitalization of $5.51 billion, a PE ratio of 24.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company’s fifty day moving average price is $53.04 and its two-hundred day moving average price is $51.58.

Analyst Ratings Changes

Separately, DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.50.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

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.