ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 33.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,015 shares of the technology company’s stock after selling 44,154 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of ACI Worldwide worth $4,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after acquiring an additional 298 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in ACI Worldwide in the third quarter valued at about $118,000. GAMMA Investing LLC grew its stake in ACI Worldwide by 24.0% during the 4th 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, CWM LLC grew its stake in ACI Worldwide by 138.6% during the 3rd 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 in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ACI Worldwide

In other news, 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 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 approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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 report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $51.70 on Friday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 24.50 and a beta of 1.20. ACI Worldwide, Inc. has a one year low of $29.98 and a one year high of $59.71. The company’s 50-day simple moving average is $52.87 and its 200-day simple moving average is $51.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

ACI Worldwide 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.