Fiera Capital Corp Has $44.04 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Fiera Capital Corp decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 848,462 shares of the technology company’s stock after selling 20,131 shares during the period. Fiera Capital Corp owned about 0.81% of ACI Worldwide worth $44,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Savant Capital LLC increased its position in shares of ACI Worldwide by 12.3% during the fourth quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock valued at $279,000 after purchasing an additional 590 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in ACI Worldwide during the fourth quarter worth $366,000. Entropy Technologies LP bought a new stake in ACI Worldwide in the 4th quarter valued at $331,000. Empowered Funds LLC acquired a new position in shares of ACI Worldwide in the 4th quarter valued at $517,000. Finally, EULAV Asset Management bought a new position in shares of ACI Worldwide during the 4th quarter worth about $5,463,000. Institutional investors own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction on 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 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 filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $51.62 on Thursday. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.46 and a beta of 1.20. The firm’s 50-day moving average price is $53.16 and its two-hundred day moving average price is $51.44. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 1-year low of $29.64 and a 1-year high of $59.71.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ACI Worldwide presently has an average rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide 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.