Entropy Technologies LP Invests $331,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Entropy Technologies LP bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, Holdings Channel reports. The institutional investor bought 6,383 shares of the technology company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC purchased a new stake in ACI Worldwide during the 4th quarter valued at about $517,000. EULAV Asset Management purchased a new stake in ACI Worldwide during the 4th quarter valued at about $5,463,000. Measured Wealth Private Client Group LLC purchased a new stake in ACI Worldwide during the 4th quarter valued at about $290,000. Meritage Portfolio Management grew its stake in ACI Worldwide by 7.4% during the 4th quarter. Meritage Portfolio Management now owns 18,514 shares of the technology company’s stock valued at $961,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Choreo LLC grew its stake in ACI Worldwide by 125.7% during the 4th quarter. Choreo LLC now owns 14,462 shares of the technology company’s stock valued at $745,000 after acquiring an additional 8,054 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $52.54 on Friday. 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 has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.90 and a beta of 1.20. The company’s 50-day moving average is $53.11 and its two-hundred day moving average is $51.45. ACI Worldwide, Inc. has a 1-year low of $29.98 and a 1-year high of $59.71.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the company’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 transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ACIW has been the subject of several research reports. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective 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 report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, ACI Worldwide has an average rating of “Hold” and an average price target of $49.50.

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.