Point72 DIFC Ltd Buys Shares of 20,135 ACI Worldwide, Inc. (NASDAQ:ACIW)

Point72 DIFC Ltd bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, HoldingsChannel.com reports. The fund bought 20,135 shares of the technology company’s stock, valued at approximately $1,025,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of ACI Worldwide in the third quarter worth about $204,000. Centiva Capital LP bought a new position in ACI Worldwide in the 3rd quarter worth about $531,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ACI Worldwide in the 3rd quarter worth about $537,000. Point72 Hong Kong Ltd bought a new stake in shares of ACI Worldwide during the third quarter valued at approximately $901,000. Finally, PDT Partners LLC bought a new stake in shares of ACI Worldwide during the third quarter valued at approximately $859,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’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 directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW opened at $55.22 on Friday. The firm has a 50 day moving average of $53.10 and a 200 day moving average of $46.18. 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 company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 26.17 and a beta of 1.19. ACI Worldwide, Inc. has a 52 week low of $26.87 and a 52 week high of $59.71.

Analyst Ratings Changes

ACIW has been the topic of several research reports. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, ACI Worldwide has an average rating of “Hold” and an average target price of $49.50.

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.