Measured Wealth Private Client Group LLC Invests $290,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Measured Wealth Private Client Group LLC acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,594 shares of the technology company’s stock, valued at approximately $290,000.

Several other institutional investors have also made changes to their positions in ACIW. Millennium Management LLC grew its holdings in ACI Worldwide by 710.3% during the 2nd quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock worth $3,743,000 after acquiring an additional 82,875 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after purchasing an additional 469 shares during the period. Creative Planning increased its holdings in ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 5,067 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in ACI Worldwide by 15.5% in the third quarter. Handelsbanken Fonder AB now owns 24,634 shares of the technology company’s stock valued at $1,254,000 after buying an additional 3,300 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in ACI Worldwide by 62.0% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after buying an additional 810 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACIW. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.50.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $54.03 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 cap of $5.67 billion, a price-to-earnings ratio of 25.61 and a beta of 1.20. ACI Worldwide, Inc. has a one year low of $28.93 and a one year high of $59.71. The stock’s 50-day moving average is $53.51 and its 200-day moving average is $51.10.

Insiders Place Their Bets

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s 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 sale, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

About ACI Worldwide

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.