Martingale Asset Management L P Purchases 11,157 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Martingale Asset Management L P lifted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,184 shares of the technology company’s stock after buying an additional 11,157 shares during the quarter. Martingale Asset Management L P’s holdings in ACI Worldwide were worth $2,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after buying an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after buying an additional 431 shares in the last quarter. CWM LLC grew its position in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after buying an additional 1,143 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter valued at $112,000. Institutional investors own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In other 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 value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction 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.

Wall Street Analyst Weigh In

ACIW has been the subject of several research analyst reports. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Hold” and an average target price of $49.50.

ACI Worldwide Stock Performance

Shares of ACIW opened at $56.82 on Friday. ACI Worldwide, Inc. has a 52 week low of $26.43 and a 52 week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $52.58 and a two-hundred day moving average price of $45.64. The firm has a market capitalization of $5.96 billion, a P/E ratio of 26.93 and a beta of 1.19.

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.