Burns Matteson Capital Management LLC Buys New Shares in ACI Worldwide, Inc. (NASDAQ:ACIW)

Burns Matteson Capital Management LLC acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,053 shares of the technology company's stock, valued at approximately $366,000.

A number of other hedge funds have also added to or reduced their stakes in ACIW. Farther Finance Advisors LLC boosted 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 valued at $26,000 after buying an additional 321 shares in the last quarter. Blue Trust Inc. boosted its position in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC boosted its position in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after buying an additional 810 shares in the last quarter. nVerses Capital LLC acquired a new stake in ACI Worldwide in the third quarter valued at approximately $112,000. Finally, Capital Performance Advisors LLP acquired a new stake in ACI Worldwide in the third quarter valued at approximately $118,000. 94.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens lowered shares of 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 raised their target price 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Trading Up 1.8 %

Shares of NASDAQ:ACIW traded up $0.92 during mid-day trading on Thursday, reaching $52.54. 437,516 shares of the company's stock were exchanged, compared to its average volume of 617,721. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.90 and a beta of 1.20. The business's fifty day moving average price is $53.11 and its 200-day moving average price is $51.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a twelve month low of $29.98 and a twelve month high of $59.71.

Insider Transactions at ACI Worldwide

In related 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 value of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

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.