Hantz Financial Services Inc. Trims Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hantz Financial Services Inc. decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 31.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,800 shares of the technology company's stock after selling 27,952 shares during the period. Hantz Financial Services Inc. owned approximately 0.06% of ACI Worldwide worth $3,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ACIW. Farther Finance Advisors LLC increased 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 acquiring an additional 321 shares during the last quarter. Blue Trust Inc. increased its position in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock worth $108,000 after purchasing an additional 810 shares during the last quarter. nVerses Capital LLC purchased a new position in ACI Worldwide in the 3rd quarter worth about $112,000. Finally, USA Financial Formulas purchased a new position in ACI Worldwide in the 3rd quarter worth about $114,000. Institutional investors own 94.74% of the company's stock.

Insiders Place Their Bets

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 transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now directly owns 81,107 shares of the company's stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Stock Performance

ACIW stock traded down $0.11 during trading on Monday, reaching $53.44. The company had a trading volume of 261,436 shares, compared to its average volume of 596,655. The firm has a 50-day simple moving average of $53.77 and a 200-day simple moving average of $50.89. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 25.41 and a beta of 1.20. 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 $28.79 and a twelve month high of $59.71.

Analysts Set New Price Targets

Several research analysts recently commented on ACIW shares. DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens cut shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.