Point72 Asia Singapore Pte. Ltd. Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,545 shares of the technology company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp grew its stake in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC raised its holdings in ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC lifted its position in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of ACI Worldwide during the 3rd quarter valued at $112,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $57.14 on Tuesday. ACI Worldwide, Inc. has a 1 year low of $26.87 and a 1 year high of $59.71. The firm’s 50-day moving average is $52.58 and its 200 day moving average is $45.76. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 27.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Insiders Place Their Bets

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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 completion of the sale, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ACIW shares. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the company from $57.00 to $60.00 in a research note 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.