Ieq Capital LLC Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Ieq Capital LLC bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,528 shares of the technology company’s stock, valued at approximately $287,000.

Several other large investors have also recently made changes to their positions in ACIW. First Trust Direct Indexing L.P. purchased a new position in ACI Worldwide during the third quarter valued at $214,000. Farther Finance Advisors LLC increased its holdings 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 valued at $26,000 after acquiring an additional 321 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of ACI Worldwide by 14.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 133,681 shares of the technology company’s stock worth $6,804,000 after purchasing an additional 17,105 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in ACI Worldwide by 160.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,121 shares of the technology company’s stock worth $3,213,000 after purchasing an additional 38,895 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in ACI Worldwide during the 3rd quarter valued at about $118,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $57.35 on Friday. 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 firm has a market cap of $6.02 billion, a price-to-earnings ratio of 27.18 and a beta of 1.20. The business has a 50-day simple moving average of $52.75 and a two-hundred day simple moving average of $52.03. ACI Worldwide, Inc. has a fifty-two week low of $30.82 and a fifty-two week high of $59.71.

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 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 completion of the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $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 accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.50.

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.