ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 104.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 582 shares of the technology company’s stock after purchasing an additional 298 shares during the period. 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).

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew 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 acquiring an additional 321 shares during the period. Capital Performance Advisors LLP acquired a new stake in ACI Worldwide in the third quarter valued at approximately $118,000. GAMMA Investing LLC increased its position in shares of ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after buying an additional 508 shares in the last quarter. Aigen Investment Management LP acquired a new stake in ACI Worldwide in the 3rd quarter valued at $204,000. Finally, Point72 Asset Management L.P. purchased a new stake in ACI Worldwide in the 3rd quarter worth $204,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

ACI Worldwide Trading Up 7.7 %

Shares of ACIW opened at $54.47 on Friday. The firm’s fifty day moving average is $52.66 and its two-hundred day moving average is $51.94. The stock has a market cap of $5.71 billion, a PE ratio of 25.82 and a beta of 1.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 52-week low of $30.63 and a 52-week high of $59.71.

Wall Street Analyst Weigh In

Separately, DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the company from $57.00 to $60.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ACI Worldwide currently has an average rating of “Hold” and a consensus target price 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.