Measured Wealth Private Client Group LLC Makes New $290,000 Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Measured Wealth Private Client Group LLC bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,594 shares of the technology company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position 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 acquiring an additional 321 shares in the last quarter. Blue Trust Inc. raised its stake in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC boosted its position in ACI Worldwide by 62.0% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock worth $108,000 after purchasing an additional 810 shares during the period. nVerses Capital LLC bought a new position in shares of ACI Worldwide in the third quarter valued at approximately $112,000. Finally, USA Financial Formulas acquired a new position in ACI Worldwide in the 3rd quarter valued at $114,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW traded up $0.41 during midday trading on Monday, reaching $53.30. 244,558 shares of the company's stock were exchanged, compared to its average volume of 624,671. The firm has a market capitalization of $5.59 billion, a PE ratio of 25.26 and a beta of 1.20. The company's 50 day simple moving average is $53.43 and its two-hundred day simple moving average is $51.30. ACI Worldwide, Inc. has a 12 month low of $29.64 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Insider Transactions at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the firm'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 completion of the sale, the chief technology officer now owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 owns 43,272 shares of the company's stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACIW. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, ACI Worldwide currently has an average rating of "Hold" and a consensus 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.