Point72 Hong Kong Ltd Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Point72 Hong Kong Ltd acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,692 shares of the technology company’s stock, valued at approximately $901,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares in the last quarter. Cetera Trust Company N.A boosted its stake in shares of ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ACI Worldwide by 49.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of ACI Worldwide by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after purchasing an additional 469 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Price Performance

ACIW opened at $56.82 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $5.96 billion, a P/E ratio of 26.93 and a beta of 1.19. The company’s 50 day simple moving average is $52.58 and its 200-day simple moving average is $45.70. ACI Worldwide, Inc. has a one year low of $26.43 and a one year high of $59.71.

Wall Street Analysts Forecast Growth

ACIW has been the topic of several research analyst reports. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. 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 data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $49.50.

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.