Entropy Technologies LP Purchases Shares of 6,383 ACI Worldwide, Inc. (NASDAQ:ACIW)

Entropy Technologies LP acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,383 shares of the technology company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. State Street Corp boosted its stake in ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after acquiring an additional 56,919 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ACI Worldwide by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company's stock worth $127,407,000 after purchasing an additional 31,561 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ACI Worldwide by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock valued at $70,737,000 after buying an additional 33,408 shares during the period. Assenagon Asset Management S.A. increased its position in shares of ACI Worldwide by 144.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock valued at $24,571,000 after buying an additional 285,001 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in ACI Worldwide by 32.7% during the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock worth $23,565,000 after buying an additional 114,085 shares during the period. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Down 0.1 %

ACIW traded down $0.03 during trading on Monday, hitting $52.51. The company had a trading volume of 452,564 shares, compared to its average volume of 626,715. The firm's 50-day moving average price is $53.02 and its 200 day moving average price is $51.68. The company has a market capitalization of $5.51 billion, a PE ratio of 24.89 and a beta of 1.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a one year low of $29.98 and a one year high of $59.71.

Insider Transactions at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

ACI Worldwide 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.