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

Blue Trust Inc. boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 104.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582 shares of the technology company’s stock after acquiring an additional 298 shares during the quarter. Blue Trust Inc.’s holdings in ACI Worldwide were worth $30,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in ACI Worldwide during the 3rd quarter worth approximately $118,000. GAMMA Investing LLC increased its stake in ACI Worldwide by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock worth $136,000 after buying an additional 508 shares during the period. Aigen Investment Management LP acquired a new stake in ACI Worldwide during the 3rd quarter worth approximately $204,000. Finally, Point72 Asset Management L.P. purchased a new position in ACI Worldwide in the 3rd quarter valued at approximately $204,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.50.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the sale, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Up 7.7 %

NASDAQ ACIW opened at $54.47 on Friday. ACI Worldwide, Inc. has a 52 week low of $30.63 and a 52 week high of $59.71. The firm has a 50 day moving average of $52.66 and a two-hundred day moving average of $51.94. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.71 billion, a PE ratio of 25.82 and a beta of 1.20.

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.