Pacer Advisors Inc. Raises Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Pacer Advisors Inc. lifted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,763 shares of the technology company’s stock after purchasing an additional 238 shares during the quarter. Pacer Advisors Inc.’s holdings in ACI Worldwide were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Millennium Management LLC raised its position in ACI Worldwide by 710.3% during the 2nd quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock worth $3,743,000 after buying an additional 82,875 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock valued at $2,331,000 after purchasing an additional 469 shares during the period. Creative Planning boosted its holdings in ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 5,067 shares during the last quarter. Handelsbanken Fonder AB grew its position in ACI Worldwide by 15.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 24,634 shares of the technology company’s stock worth $1,254,000 after purchasing an additional 3,300 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 62.0% during 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. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total value 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 $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was 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 directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACIW. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the company from $57.00 to $60.00 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.50.

ACI Worldwide Trading Up 0.5 %

Shares of ACIW stock opened at $53.70 on Wednesday. ACI Worldwide, Inc. has a 1-year low of $28.79 and a 1-year high of $59.71. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 25.45 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 stock has a 50 day simple moving average of $53.60 and a 200-day simple moving average of $51.06.

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.