Entropy Technologies LP Invests $331,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Entropy Technologies LP acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,383 shares of the technology company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 177.3% during the third 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 purchasing an additional 298 shares during the period. nVerses Capital LLC acquired a new position in ACI Worldwide during the third quarter valued at $112,000. Capital Performance Advisors LLP acquired a new position in ACI Worldwide during the third quarter valued at $118,000. Finally, GAMMA Investing LLC lifted its position in ACI Worldwide by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after purchasing an additional 508 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACIW has been the subject of a number of research reports. 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 downgraded 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Stock Up 1.8 %

ACIW opened at $52.54 on Friday. ACI Worldwide, Inc. has a fifty-two week low of $29.98 and a fifty-two week high of $59.71. 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 company has a fifty day moving average of $53.11 and a two-hundred day moving average of $51.45. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.90 and a beta of 1.20.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the sale, the chief technology officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate 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.