Empowered Funds LLC Takes Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Empowered Funds LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,963 shares of the technology company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 321 shares in the last quarter. Blue Trust Inc. increased 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 during the last quarter. Capital Performance Advisors LLP acquired a new position in ACI Worldwide in the third quarter valued at $118,000. GAMMA Investing LLC increased 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 during the last quarter. Finally, CWM LLC increased its stake in ACI Worldwide by 138.6% in the third quarter. CWM LLC now owns 3,154 shares of the technology company’s stock valued at $161,000 after purchasing an additional 1,832 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $52.20 on Thursday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 24.74 and a beta of 1.20. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $52.93 and a 200 day moving average price of $51.74. ACI Worldwide, Inc. has a 52 week low of $29.98 and a 52 week high of $59.71.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was 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 $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently 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.