Legato Capital Management LLC Sells 705 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Legato Capital Management LLC reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,275 shares of the technology company’s stock after selling 705 shares during the period. Legato Capital Management LLC’s holdings in ACI Worldwide were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in ACI Worldwide by 144.1% in the 3rd 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 grew its holdings in shares of ACI Worldwide by 244.0% during the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after purchasing an additional 160,425 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of ACI Worldwide by 32.7% in the third quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock worth $23,565,000 after purchasing an additional 114,085 shares during the last quarter. EULAV Asset Management purchased a new stake in ACI Worldwide in the fourth quarter valued at approximately $5,463,000. Finally, Swedbank AB lifted its position in ACI Worldwide by 22.8% during the fourth quarter. Swedbank AB now owns 417,633 shares of the technology company’s stock valued at $21,679,000 after purchasing an additional 77,433 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Trading Down 1.3 %

ACIW stock opened at $51.62 on Thursday. The company has a market capitalization of $5.41 billion, a PE ratio of 24.46 and a beta of 1.20. 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 one year low of $29.64 and a one year high of $59.71. The company’s 50 day moving average price is $53.16 and its two-hundred day moving average price is $51.44.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson cut 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. Stephens downgraded shares of 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Activity at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is 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.