WCM Investment Management LLC Sells 114,289 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

WCM Investment Management LLC lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,866 shares of the technology company’s stock after selling 114,289 shares during the quarter. WCM Investment Management LLC owned about 0.31% of ACI Worldwide worth $16,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ACIW. Millennium Management LLC boosted its holdings in ACI Worldwide by 710.3% during the second quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock worth $3,743,000 after buying an additional 82,875 shares in the last quarter. GAMMA Investing LLC increased its holdings in ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after purchasing an additional 810 shares during the last quarter. CWM LLC lifted its stake in ACI Worldwide by 138.6% during the third quarter. CWM LLC now owns 3,154 shares of the technology company’s stock worth $161,000 after purchasing an additional 1,832 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of ACI Worldwide by 345.0% in the third quarter. Ritholtz Wealth Management now owns 36,161 shares of the technology company’s stock valued at $1,841,000 after buying an additional 28,035 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in ACI Worldwide by 57.6% during the 3rd quarter. Inspire Investing LLC now owns 47,904 shares of the technology company’s stock valued at $2,438,000 after acquiring an additional 17,511 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. The trade was 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 currently owned by company insiders.

ACI Worldwide Stock Down 2.1 %

ACIW opened at $52.89 on Monday. ACI Worldwide, Inc. has a one year low of $28.93 and a one year 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 stock has a market capitalization of $5.55 billion, a P/E ratio of 25.07 and a beta of 1.20. The business’s 50-day simple moving average is $53.43 and its 200-day simple moving average is $51.30.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACIW. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four 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, ACI Worldwide presently has a consensus rating of “Hold” and an average target price 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.