Precision Wealth Strategies LLC Buys Shares of 8,101 ACI Worldwide, Inc. (NASDAQ:ACIW)

Precision Wealth Strategies LLC acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,101 shares of the technology company's stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors have also modified their holdings of ACIW. Pacer Advisors Inc. lifted its holdings in shares of ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after purchasing an additional 238 shares in 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 worth $30,000 after buying an additional 298 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after purchasing an additional 321 shares during the last quarter. Cetera Trust Company N.A boosted its stake in shares of ACI Worldwide by 7.9% in the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after buying an additional 350 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock valued at $2,331,000 after buying an additional 469 shares during the period. Institutional investors own 94.74% of the company's stock.

Insider Buying and Selling at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 43,272 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction 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 disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

ACI Worldwide Trading Up 2.6 %

Shares of NASDAQ:ACIW traded up $1.39 during trading on Wednesday, reaching $55.09. The company's stock had a trading volume of 375,131 shares, compared to its average volume of 624,477. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12 month low of $28.87 and a 12 month high of $59.71. The stock has a market capitalization of $5.78 billion, a PE ratio of 26.07 and a beta of 1.20. The firm's 50 day simple moving average is $53.60 and its two-hundred day simple moving average is $51.06.

Wall Street Analyst Weigh In

ACIW has been the subject of a number of recent research reports. DA Davidson downgraded ACI Worldwide from a "buy" rating to a "neutral" rating and increased their price objective for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.50.

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.