Navellier & Associates Inc. Buys New Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Navellier & Associates Inc. bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,234 shares of the technology company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in ACI Worldwide by 177.3% in the third 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 in the last quarter. Blue Trust Inc. grew its stake in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 298 shares in the last quarter. Capital Performance Advisors LLP bought a new position in ACI Worldwide in the third quarter valued at approximately $118,000. GAMMA Investing LLC grew its stake in 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 purchasing an additional 508 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in ACI Worldwide in the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $50.56 on Monday. The stock has a market capitalization of $5.30 billion, a PE ratio of 23.96 and a beta of 1.20. 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 business has a fifty day moving average price of $52.80 and a two-hundred day moving average price of $51.88. ACI Worldwide, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $59.71.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide 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 value of $300,834.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.