Point72 Asia Singapore Pte. Ltd. Acquires Shares of 10,545 ACI Worldwide, Inc. (NASDAQ:ACIW)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,545 shares of the technology company's stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of ACIW. Hood River Capital Management LLC lifted its stake in ACI Worldwide by 44.9% in the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock valued at $95,029,000 after buying an additional 743,595 shares during the last quarter. Reinhart Partners LLC. grew its position in ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company's stock worth $90,576,000 after purchasing an additional 18,229 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 acquiring an additional 33,408 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ACI Worldwide by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company's stock valued at $37,608,000 after purchasing an additional 56,113 shares during the period. Finally, Fiera Capital Corp raised its position in shares of ACI Worldwide by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 896,634 shares of the technology company's stock worth $35,498,000 after buying an additional 10,568 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of research analyst reports. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price objective for the company 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 note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $49.50.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded down $0.62 during trading on Tuesday, hitting $56.52. The company had a trading volume of 532,420 shares, compared to its average volume of 657,493. The company has a market cap of $5.93 billion, a P/E ratio of 26.61 and a beta of 1.19. 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 business's 50-day moving average is $52.71 and its 200 day moving average is $45.91. ACI Worldwide, Inc. has a 52 week low of $26.87 and a 52 week high of $59.71.

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.