EULAV Asset Management Takes Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

EULAV Asset Management purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 105,237 shares of the technology company’s stock, valued at approximately $5,463,000.

A number of other institutional investors have also added to or reduced their stakes in ACIW. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 177.3% during the third 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. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC raised its position in ACI Worldwide by 62.0% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after acquiring an additional 810 shares during the period. nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the third quarter valued at approximately $112,000. Finally, USA Financial Formulas acquired a new stake in ACI Worldwide in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

ACIW has been the subject of a number of recent analyst reports. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four 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 currently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $52.89 on Friday. 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 cap of $5.55 billion, a P/E ratio of 25.07 and a beta of 1.20. The stock has a 50 day moving average of $53.43 and a two-hundred day moving average of $51.18. ACI Worldwide, Inc. has a twelve month low of $28.93 and a twelve month high of $59.71.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Company 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.