EULAV Asset Management Acquires New Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

EULAV Asset Management purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 105,237 shares of the technology company's stock, valued at approximately $5,463,000. EULAV Asset Management owned about 0.10% of ACI Worldwide as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 177.3% during 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 during the period. Blue Trust Inc. raised its holdings in ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC lifted its stake in ACI Worldwide by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after acquiring an additional 810 shares during the period. nVerses Capital LLC bought a new position in shares of ACI Worldwide during the 3rd quarter valued at $112,000. Finally, USA Financial Formulas bought a new position in ACI Worldwide in the third quarter worth approximately $114,000. 94.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACIW has been the subject of a number of recent analyst reports. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. 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, the stock currently has a consensus rating of "Hold" and an average price target of $49.50.

ACI Worldwide Stock Performance

NASDAQ:ACIW traded down $0.69 during mid-day trading on Wednesday, hitting $51.62. The company's stock had a trading volume of 407,900 shares, compared to its average volume of 624,157. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.46 and a beta of 1.20. The business's fifty day moving average is $53.16 and its two-hundred day moving average is $51.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 1 year low of $29.64 and a 1 year high of $59.71.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

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.