Leuthold Group LLC Takes $382,000 Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Leuthold Group LLC bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, Holdings Channel reports. The firm bought 7,364 shares of the technology company’s stock, valued at approximately $382,000.

Several other large investors have also recently made changes to their positions in ACIW. Farther Finance Advisors LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 321 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 last quarter. Capital Performance Advisors LLP purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $118,000. GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $204,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $50.56 on Friday. ACI Worldwide, Inc. has a twelve month low of $30.02 and a twelve month high of $59.71. The firm has a market cap of $5.30 billion, a P/E ratio of 23.96 and a beta of 1.20. The company has a 50 day moving average of $52.80 and a 200 day moving average of $51.83. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling

In other ACI Worldwide 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 of the company’s stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the company from $57.00 to $60.00 in a 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. Based on data from MarketBeat, ACI Worldwide has an average rating of “Hold” and an average price target 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.