Eaton Vance Management increased its stake in ACI Worldwide Inc (NASDAQ:ACIW) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 855,409 shares of the technology company’s stock after acquiring an additional 42,334 shares during the period. Eaton Vance Management’s holdings in ACI Worldwide were worth $19,392,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in ACIW. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ACI Worldwide by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,352 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in ACI Worldwide in the fourth quarter worth $159,000. Shelton Capital Management purchased a new position in ACI Worldwide in the third quarter worth $201,000. Oakbrook Investments LLC purchased a new position in ACI Worldwide in the third quarter worth $203,000. Finally, Neuberger Berman Group LLC purchased a new position in ACI Worldwide in the third quarter worth $211,000.
ACI Worldwide Inc (NASDAQ:ACIW) opened at $24.91 on Monday. ACI Worldwide Inc has a 1 year low of $19.55 and a 1 year high of $25.00. The stock has a market cap of $2,953.81, a price-to-earnings ratio of 498.20, a P/E/G ratio of 3.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.16.
In other ACI Worldwide news, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $23.73, for a total transaction of $949,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Mcgroddy sold 30,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $22.40, for a total transaction of $672,000.00. Following the sale, the director now owns 76,896 shares of the company’s stock, valued at $1,722,470.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,000 shares of company stock valued at $4,326,300. Company insiders own 4.20% of the company’s stock.
ACIW has been the subject of several research reports. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.00.
ACI Worldwide Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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