Burns Matteson Capital Management LLC Takes $366,000 Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Burns Matteson Capital Management LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the 4th quarter, Holdings Channel.com reports. The fund acquired 7,053 shares of the technology company’s stock, valued at approximately $366,000.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted 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 worth $26,000 after buying an additional 321 shares during the last quarter. Blue Trust Inc. boosted its position in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 810 shares during the period. nVerses Capital LLC purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at about $112,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at about $118,000. 94.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now directly 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. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $52.89 on Monday. The stock has a market cap of $5.55 billion, a PE ratio of 25.07 and a beta of 1.20. ACI Worldwide, Inc. has a 1 year low of $28.93 and a 1 year high of $59.71. The firm has a fifty day moving average price of $53.43 and a 200-day moving average price of $51.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

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.