Rhumbline Advisers Sells 6,361 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Rhumbline Advisers lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% during the 4th quarter, Holdings Channel reports. The fund owned 299,403 shares of the technology company’s stock after selling 6,361 shares during the period. Rhumbline Advisers’ holdings in ACI Worldwide were worth $15,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACIW. Pacer Advisors Inc. lifted its stake in shares of ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock worth $403,000 after purchasing an additional 238 shares during the last quarter. Blue Trust Inc. raised its holdings in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in ACI Worldwide by 177.3% in 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. GAMMA Investing LLC boosted its holdings in shares of ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after buying an additional 508 shares in the last quarter. Finally, Savant Capital LLC grew its position in shares of ACI Worldwide by 12.3% in the 4th quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock worth $279,000 after buying an additional 590 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ACI Worldwide

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

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $50.56 on Friday. ACI Worldwide, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $59.71. The company has a market cap of $5.30 billion, a PE ratio of 23.96 and a beta of 1.20. 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 business has a 50-day simple moving average of $52.80 and a two-hundred day simple moving average of $51.79.

Wall Street Analyst Weigh In

Separately, DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the company 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 stock. According to data from MarketBeat, ACI Worldwide presently has a consensus rating of “Hold” and a consensus price target 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.