Blue Trust Inc. Boosts Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Blue Trust Inc. increased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 104.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 582 shares of the technology company’s stock after purchasing an additional 298 shares during the quarter. Blue Trust Inc.’s holdings in ACI Worldwide were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ACIW. Assenagon Asset Management S.A. grew its position 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 purchasing an additional 285,001 shares during the period. Barclays PLC boosted its stake in shares of ACI Worldwide by 244.0% in the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after buying an additional 160,425 shares during the last quarter. Fisher Asset Management LLC grew its holdings 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 acquiring an additional 114,085 shares during the period. Millennium Management LLC increased its position in ACI Worldwide by 710.3% during the second quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock valued at $3,743,000 after acquiring an additional 82,875 shares during the last quarter. Finally, Inspire Advisors LLC bought a new position in ACI Worldwide in the third quarter valued at about $2,944,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Up 0.2 %

Shares of ACIW stock opened at $52.97 on Tuesday. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.10 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 $53.34 and its 200-day moving average price is $51.38. ACI Worldwide, Inc. has a one year low of $29.64 and a one year high of $59.71.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research 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 stock. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. 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 the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

About ACI Worldwide

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.