ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by Vestcor Inc

Vestcor Inc raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 81.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,795 shares of the technology company’s stock after acquiring an additional 7,555 shares during the quarter. Vestcor Inc’s holdings in ACI Worldwide were worth $855,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the period. Fifth Third Bancorp increased its position in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the last quarter. CWM LLC raised its stake in shares of ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares in the last quarter. GAMMA Investing LLC grew its stake in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after purchasing an additional 810 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide in the third quarter valued at about $112,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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 sale, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Down 2.2 %

NASDAQ:ACIW opened at $54.60 on Friday. 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 capitalization of $5.73 billion, a P/E ratio of 25.88 and a beta of 1.19. ACI Worldwide, Inc. has a 12-month low of $28.11 and a 12-month high of $59.71. The business has a 50 day simple moving average of $53.54 and a 200 day simple moving average of $46.82.

Analysts Set New Price Targets

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

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.