Savant Capital LLC Has $279,000 Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Savant Capital LLC raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 12.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,381 shares of the technology company’s stock after purchasing an additional 590 shares during the period. Savant Capital LLC’s holdings in ACI Worldwide were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Burns Matteson Capital Management LLC bought a new stake in shares of ACI Worldwide in the 4th quarter valued at $366,000. Entropy Technologies LP bought a new stake in shares of ACI Worldwide in the 4th quarter valued at $331,000. Empowered Funds LLC bought a new stake in shares of ACI Worldwide in the 4th quarter valued at $517,000. EULAV Asset Management bought a new stake in ACI Worldwide during the 4th quarter valued at $5,463,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in ACI Worldwide during the 4th quarter valued at $290,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on 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 owns 81,107 shares in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $52.73 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $29.98 and a 1 year high of $59.71. 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 firm has a market cap of $5.53 billion, a price-to-earnings ratio of 24.99 and a beta of 1.20. The company has a fifty day moving average price of $53.00 and a 200-day moving average price of $51.74.

Analyst Upgrades and Downgrades

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

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.