Smartleaf Asset Management LLC Acquires 3,756 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Smartleaf Asset Management LLC boosted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 929.7% in the fourth quarter, Holdings Channel reports. The firm owned 4,160 shares of the technology company’s stock after purchasing an additional 3,756 shares during the quarter. Smartleaf Asset Management LLC’s holdings in ACI Worldwide were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC lifted its position in shares of 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. Blue Trust Inc. raised its stake in ACI Worldwide by 104.9% during 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 bought a new position in shares of ACI Worldwide during the third quarter valued at $118,000. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after acquiring an additional 508 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of ACI Worldwide in the 3rd quarter valued at $204,000. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Trading Up 0.9 %

ACIW stock opened at $54.20 on Thursday. The business has a fifty day moving average price of $52.82 and a 200 day moving average price of $52.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 25.69 and a beta of 1.20.

Insider Activity

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the transaction, the director now owns 80,842 shares in the company, valued at $4,654,073.94. The trade was a 13.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the 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 transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four 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 company has an average rating of “Hold” and a consensus price target 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.