Point72 Hong Kong Ltd Purchases New Shares in ACI Worldwide, Inc. (NASDAQ:ACIW)

Point72 Hong Kong Ltd purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,692 shares of the technology company's stock, valued at approximately $901,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of 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. Fifth Third Bancorp increased its position in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after buying an additional 624 shares during the period. CWM LLC increased its position in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after buying an additional 1,143 shares during the period. GAMMA Investing LLC increased its position in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after purchasing an additional 431 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of ACI Worldwide in the third quarter worth approximately $112,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Price Performance

NASDAQ ACIW traded down $0.62 on Monday, reaching $56.20. 257,389 shares of the company's stock traded hands, compared to its average volume of 655,690. ACI Worldwide, Inc. has a 12 month low of $26.87 and a 12 month 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 stock has a 50-day simple moving average of $52.58 and a 200 day simple moving average of $45.76. The stock has a market cap of $5.89 billion, a PE ratio of 26.93 and a beta of 1.19.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson cut shares of 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 report on Friday, November 8th. Stephens cut shares of 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 issued a buy rating to the stock. According to data from MarketBeat, ACI Worldwide has an average rating of "Hold" and an average 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.