Hantz Financial Services Inc. Has $3.16 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hantz Financial Services Inc. decreased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,800 shares of the technology company’s stock after selling 27,952 shares during the quarter. Hantz Financial Services Inc.’s holdings in ACI Worldwide were worth $3,156,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ACIW. Pacer Advisors Inc. lifted its position in ACI Worldwide by 3.2% during the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock worth $403,000 after acquiring an additional 238 shares during the last quarter. Blue Trust Inc. grew its holdings in ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after buying an additional 298 shares in the last quarter. Farther Finance Advisors LLC increased its position in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the period. Cetera Trust Company N.A increased its position in ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after buying an additional 350 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after buying an additional 469 shares in the last quarter. 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 company’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 transaction of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction 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 completion of the transaction, the chief technology officer now owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $54.35 on Friday. The firm has a 50 day moving average of $53.87 and a 200-day moving average of $50.69. ACI Worldwide, Inc. has a 12 month low of $28.79 and a 12 month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.70 billion, a PE ratio of 25.76 and a beta of 1.21.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.