GAMMA Investing LLC Has $136,000 Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

GAMMA Investing LLC increased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,624 shares of the technology company’s stock after purchasing an additional 508 shares during the period. GAMMA Investing LLC’s holdings in ACI Worldwide were worth $136,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hood River Capital Management LLC raised its stake in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after buying an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. raised its position in ACI Worldwide by 144.1% in the third 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 in the last quarter. Barclays PLC raised its position in ACI Worldwide by 244.0% in 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. Algert Global LLC lifted its stake in ACI Worldwide by 811.5% during the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after purchasing an additional 138,447 shares during the period. Finally, AXA S.A. acquired a new stake in ACI Worldwide during the second quarter valued at approximately $5,336,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.50.

Insider Activity at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s 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 transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $52.12 on Friday. The business’s fifty day moving average is $54.31 and its two-hundred day moving average is $49.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $5.47 billion, a P/E ratio of 24.70 and a beta of 1.21. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71.

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.