GAMMA Investing LLC raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,624 shares of the technology company’s stock after acquiring an additional 508 shares during the quarter. GAMMA Investing LLC’s holdings in ACI Worldwide were worth $136,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ACIW. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares during the period. nVerses Capital LLC bought a new stake in ACI Worldwide in the third quarter valued at about $112,000. USA Financial Formulas acquired a new position in ACI Worldwide in the third quarter valued at about $114,000. Capital Performance Advisors LLP bought a new position in ACI Worldwide during the third quarter worth about $118,000. Finally, CWM LLC grew its position in shares of ACI Worldwide by 138.6% during the 3rd quarter. CWM LLC now owns 3,154 shares of the technology company’s stock worth $161,000 after buying an additional 1,832 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.
ACI Worldwide Stock Performance
Shares of ACIW opened at $52.12 on Friday. 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 twelve month low of $28.79 and a twelve month high of $59.71. 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’s 50 day moving average price is $54.31 and its two-hundred day moving average price is $49.20.
Analyst Ratings Changes
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Insiders Place Their Bets
In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
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.
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