Y Intercept Hong Kong Ltd Acquires New Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Y Intercept Hong Kong Ltd purchased a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,924 shares of the technology company's stock, valued at approximately $256,000.

A number of other hedge funds have also recently bought and sold shares of the company. Navellier & Associates Inc. purchased a new position in ACI Worldwide during the 4th quarter worth $272,000. Leuthold Group LLC purchased a new position in ACI Worldwide during the 4th quarter worth $382,000. Handelsbanken Fonder AB boosted its holdings in ACI Worldwide by 11.0% during the 4th quarter. Handelsbanken Fonder AB now owns 27,334 shares of the technology company's stock worth $1,419,000 after acquiring an additional 2,700 shares during the last quarter. Ieq Capital LLC purchased a new position in ACI Worldwide during the 4th quarter worth $287,000. Finally, Convergence Investment Partners LLC boosted its holdings in ACI Worldwide by 49.5% during the 4th quarter. Convergence Investment Partners LLC now owns 57,231 shares of the technology company's stock worth $2,971,000 after acquiring an additional 18,939 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson downgraded shares of ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $49.50.

Remove Ads

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now directly owns 80,842 shares in the company, valued at $4,654,073.94. The trade was a 13.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded up $0.33 during mid-day trading on Friday, reaching $53.21. 553,462 shares of the company's stock were exchanged, compared to its average volume of 641,426. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 25.22 and a beta of 1.20. ACI Worldwide, Inc. has a 52 week low of $31.19 and a 52 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 firm has a 50-day moving average price of $52.85 and a two-hundred day moving average price of $52.21.

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.