Oliver Luxxe Assets LLC Raises Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Oliver Luxxe Assets LLC raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,468 shares of the technology company’s stock after purchasing an additional 1,390 shares during the period. Oliver Luxxe Assets LLC’s holdings in ACI Worldwide were worth $1,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of ACI Worldwide by 177.3% in 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 in the last quarter. GAMMA Investing LLC raised its holdings in ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after acquiring an additional 810 shares during the last quarter. nVerses Capital LLC purchased a new position in ACI Worldwide in the 3rd quarter worth approximately $112,000. USA Financial Formulas acquired a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $114,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of ACI Worldwide in the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ACIW. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Trading Down 0.4 %

ACIW stock traded down $0.21 during midday trading on Monday, hitting $53.00. 412,296 shares of the company’s stock were exchanged, compared to its average volume of 452,846. ACI Worldwide, Inc. has a 1-year low of $28.79 and a 1-year high of $59.71. 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 capitalization of $5.56 billion, a PE ratio of 25.12 and a beta of 1.21. The business has a 50-day simple moving average of $54.12 and a two-hundred day simple moving average of $48.95.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’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 transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About ACI Worldwide

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.