ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by KBC Group NV

KBC Group NV raised its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,496 shares of the technology company’s stock after acquiring an additional 1,292 shares during the quarter. KBC Group NV’s holdings in ACI Worldwide were worth $233,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings 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. boosted its holdings in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after buying an additional 810 shares during the last quarter. nVerses Capital LLC acquired a new stake in ACI Worldwide during the 3rd quarter worth $112,000. Finally, USA Financial Formulas purchased a new stake in ACI Worldwide in the third quarter valued at $114,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $53.70 on Wednesday. The firm has a market cap of $5.63 billion, a P/E ratio of 25.45 and a beta of 1.20. 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 $53.60 and its 200 day moving average price is $51.06. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Analyst Upgrades and Downgrades

ACIW has been the topic of several research reports. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.50.

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide 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 completion of the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.