Pacer Advisors Inc. Increases Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Pacer Advisors Inc. boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,763 shares of the technology company’s stock after buying an additional 238 shares during the quarter. Pacer Advisors Inc.’s holdings in ACI Worldwide were worth $403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the period. Blue Trust Inc. increased its stake in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC raised its position in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after purchasing an additional 810 shares during the period. nVerses Capital LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter worth $112,000. Finally, USA Financial Formulas acquired a new stake in shares of ACI Worldwide during the 3rd quarter worth about $114,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACIW has been the topic of a number of recent analyst reports. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction that occurred 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 owns 81,107 shares of the company’s stock, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now 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. 1.00% of the stock is owned by insiders.

ACI Worldwide Stock Up 0.5 %

Shares of NASDAQ:ACIW opened at $53.70 on Wednesday. The firm has a market capitalization of $5.63 billion, a PE ratio of 25.45 and a beta of 1.20. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71. 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 firm’s 50-day moving average is $53.60 and its two-hundred day moving average is $51.06.

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.