ACI Worldwide, Inc. (NASDAQ:ACIW) CTO Abraham Kuruvilla Sells 5,400 Shares

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) 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 value of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ACI Worldwide Price Performance

Shares of ACIW traded up $0.61 during midday trading on Friday, reaching $55.83. The stock had a trading volume of 447,480 shares, compared to its average volume of 656,814. The company's 50-day moving average is $53.10 and its 200 day moving average is $46.18. ACI Worldwide, Inc. has a 12-month low of $26.87 and a 12-month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 26.40 and a beta of 1.19.

Institutional Investors Weigh In On ACI Worldwide

Several institutional investors have recently bought and sold shares of ACIW. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% during the 3rd 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 during the period. Fifth Third Bancorp boosted its holdings in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after acquiring an additional 624 shares during the period. CWM LLC boosted its holdings in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after acquiring an additional 1,143 shares during the period. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 431 shares during the period. Finally, nVerses Capital LLC purchased a new stake in ACI Worldwide in the 3rd quarter worth approximately $112,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACIW shares. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and upped their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, ACI Worldwide presently has a consensus rating of "Hold" and an average target price 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.

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