Centiva Capital LP Invests $531,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Centiva Capital LP purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,431 shares of the technology company's stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 321 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after purchasing an additional 624 shares during the period. CWM LLC lifted its position in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after purchasing an additional 1,143 shares during the last quarter. GAMMA Investing LLC boosted its stake in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after purchasing an additional 431 shares during the period. Finally, nVerses Capital LLC acquired a new stake in ACI Worldwide in the 3rd quarter valued at approximately $112,000. Institutional investors own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ACIW shares. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their target price for the company from $57.00 to $60.00 in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded up $0.61 during trading hours on Friday, reaching $55.83. The stock had a trading volume of 448,843 shares, compared to its average volume of 749,895. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 26.46 and a beta of 1.19. ACI Worldwide, Inc. has a twelve month low of $26.87 and a twelve month high of $59.71. The business's fifty day moving average is $53.21 and its two-hundred day moving average is $46.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company's 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 in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.