JPMorgan Chase & Co. Boosts Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

JPMorgan Chase & Co. raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 258,010 shares of the technology company’s stock after buying an additional 8,914 shares during the period. JPMorgan Chase & Co.’s holdings in ACI Worldwide were worth $13,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake 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 buying an additional 321 shares during the period. Cetera Trust Company N.A lifted its stake in shares of ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after purchasing an additional 350 shares during the period. The Manufacturers Life Insurance Company lifted its stake 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 during the period. Los Angeles Capital Management LLC grew its position in shares of ACI Worldwide by 2.2% in the third quarter. Los Angeles Capital Management LLC now owns 32,694 shares of the technology company’s stock valued at $1,664,000 after purchasing an additional 704 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after purchasing an additional 810 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, ACI Worldwide has an average rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $51.34 on Friday. The business’s fifty day moving average price is $54.35 and its 200 day moving average price is $49.38. The stock has a market capitalization of $5.39 billion, a P/E ratio of 24.33 and a beta of 1.21. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a twelve month low of $28.79 and a twelve month high of $59.71.

Insider Activity

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value 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 $2,478,620.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.