OLD National Bancorp IN Takes $274,000 Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

OLD National Bancorp IN acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,272 shares of the technology company’s stock, valued at approximately $274,000.

Several other institutional investors also recently bought and sold shares of ACIW. Squarepoint Ops LLC bought a new stake in ACI Worldwide during the 2nd quarter valued at $880,000. Millennium Management LLC boosted its position in ACI Worldwide by 710.3% during the second quarter. Millennium Management LLC now owns 94,542 shares of the technology company’s stock valued at $3,743,000 after purchasing an additional 82,875 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 purchasing an additional 469 shares during the last quarter. Creative Planning grew its stake in ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 5,067 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of ACI Worldwide by 15.5% during the third quarter. Handelsbanken Fonder AB now owns 24,634 shares of the technology company’s stock valued at $1,254,000 after buying an additional 3,300 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Down 1.5 %

ACIW stock opened at $53.55 on Monday. The stock has a market capitalization of $5.62 billion, a PE ratio of 25.38 and a beta of 1.21. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $53.77 and a 200 day moving average of $50.89.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was 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 in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACIW. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.