SG Americas Securities LLC Boosts Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

SG Americas Securities LLC grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,140 shares of the technology company’s stock after purchasing an additional 2,381 shares during the quarter. SG Americas Securities LLC’s holdings in ACI Worldwide were worth $526,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after acquiring an additional 810 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of ACI Worldwide during the third quarter worth about $112,000. USA Financial Formulas acquired a new position in shares of ACI Worldwide during the third quarter valued at about $114,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of ACI Worldwide in the 3rd quarter valued at approximately $118,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACIW shares. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ACI Worldwide has an average rating of “Hold” and an average target price of $49.50.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $53.55 on Friday. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71. The business’s 50 day moving average price is $53.77 and its 200 day moving average price is $50.77. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.62 billion, a P/E ratio of 25.38 and a beta of 1.21.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the company’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 value of $68,736.00. Following the sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

About ACI Worldwide

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.