Meritage Portfolio Management Increases Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Meritage Portfolio Management boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,514 shares of the technology company’s stock after buying an additional 1,268 shares during the period. Meritage Portfolio Management’s holdings in ACI Worldwide were worth $961,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 177.3% in the 3rd 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 period. Blue Trust Inc. lifted 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 valued at $30,000 after buying an additional 298 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ACI Worldwide by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after buying an additional 810 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of ACI Worldwide in the 3rd quarter worth about $112,000. Finally, USA Financial Formulas bought a new position in shares of ACI Worldwide in the 3rd quarter worth about $114,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Up 2.1 %

NASDAQ:ACIW opened at $54.83 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $5.75 billion, a P/E ratio of 25.99 and a beta of 1.20. ACI Worldwide, Inc. has a fifty-two week low of $28.87 and a fifty-two week high of $59.71. The firm has a 50-day simple moving average of $53.56 and a two-hundred day simple moving average of $51.08.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACIW shares. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.50.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value 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 represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.