ACI Worldwide, Inc. (NASDAQ:ACIW) Stake Reduced by Inspire Investing LLC

Inspire Investing LLC lessened its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 12.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,038 shares of the technology company's stock after selling 5,866 shares during the quarter. Inspire Investing LLC's holdings in ACI Worldwide were worth $2,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 177.3% in the 3rd 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. GAMMA Investing LLC increased its holdings in shares of ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after purchasing an additional 810 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of ACI Worldwide in the third quarter valued at about $112,000. USA Financial Formulas purchased a new stake in ACI Worldwide during the third quarter worth about $114,000. Finally, Capital Performance Advisors LLP purchased a new position in ACI Worldwide in the third quarter valued at about $118,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares of the company's stock, valued at $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

ACI Worldwide Trading Down 0.7 %

Shares of ACIW stock traded down $0.38 during trading hours on Thursday, hitting $52.50. 1,095,269 shares of the company were exchanged, compared to its average volume of 642,805. The firm has a fifty day moving average of $54.04 and a 200 day moving average of $50.19. 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 1 year low of $28.79 and a 1 year high of $59.71. The firm has a market cap of $5.51 billion, a PE ratio of 24.88 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACIW shares. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and upped their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide presently has a consensus rating of "Hold" and a consensus 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.