Empowered Funds LLC Acquires Shares of 9,963 ACI Worldwide, Inc. (NASDAQ:ACIW)

Empowered Funds LLC acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,963 shares of the technology company's stock, valued at approximately $517,000.

Several other large investors have also recently modified their holdings of ACIW. CWM LLC increased its holdings in shares of ACI Worldwide by 138.6% in the third quarter. CWM LLC now owns 3,154 shares of the technology company's stock worth $161,000 after buying an additional 1,832 shares during the period. Creative Planning increased its holdings in shares of ACI Worldwide by 35.0% in the third quarter. Creative Planning now owns 35,097 shares of the technology company's stock worth $1,786,000 after buying an additional 9,091 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock worth $24,571,000 after buying an additional 285,001 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in shares of ACI Worldwide in the third quarter worth about $208,000. Finally, Semanteon Capital Management LP purchased a new position in shares of ACI Worldwide in the third quarter worth about $1,237,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Down 1.8 %

Shares of NASDAQ ACIW traded down $0.92 during trading hours on Friday, hitting $50.78. The company's stock had a trading volume of 220,867 shares, compared to its average volume of 589,131. 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 stock has a market cap of $5.33 billion, a price-to-earnings ratio of 24.07 and a beta of 1.20. ACI Worldwide, Inc. has a 12 month low of $30.02 and a 12 month high of $59.71. The business has a 50-day simple moving average of $52.87 and a 200-day simple moving average of $51.74.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and raised their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $49.50.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company's stock.

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.