20,135 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in 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. The institutional investor acquired 20,135 shares of the technology company's stock, valued at approximately $1,025,000.

Several other institutional investors have also recently modified their holdings of the stock. Hood River Capital Management LLC increased its position in ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock worth $95,029,000 after purchasing an additional 743,595 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock valued at $24,571,000 after acquiring an additional 285,001 shares during the last quarter. Swedbank AB grew its position in ACI Worldwide by 228.6% during the second quarter. Swedbank AB now owns 328,600 shares of the technology company's stock valued at $13,009,000 after acquiring an additional 228,600 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of ACI Worldwide during the 2nd quarter worth about $7,696,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in ACI Worldwide in the second quarter valued at approximately $7,353,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.1 %

ACIW traded up $0.61 during trading hours on Friday, reaching $55.83. 447,480 shares of the stock traded hands, compared to its average volume of 656,814. ACI Worldwide, Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 26.40 and a beta of 1.19. The firm's fifty day simple moving average is $53.10 and its two-hundred day simple moving average is $46.18.

Insider Activity

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction 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 trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the 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 transaction, the chief technology officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

ACIW has been the subject of several recent research reports. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens lowered 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.