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

Leuthold Group LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,364 shares of the technology company’s stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company’s stock worth $946,000 after purchasing an additional 6,602 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of ACI Worldwide by 86.5% in the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 9,149 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of ACI Worldwide in the third quarter worth about $1,248,000. Harbor Capital Advisors Inc. grew its stake in shares of ACI Worldwide by 14.7% in the third quarter. Harbor Capital Advisors Inc. now owns 133,681 shares of the technology company’s stock worth $6,804,000 after purchasing an additional 17,105 shares during the last quarter. Finally, State Street Corp grew its stake in shares of ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after purchasing an additional 56,919 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $50.56 on Friday. The stock’s 50 day simple moving average is $52.80 and its two-hundred day simple moving average is $51.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 23.96 and a beta of 1.20. ACI Worldwide, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $59.71.

Wall Street Analyst Weigh In

Separately, DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.50.

Insider Buying and Selling at ACI Worldwide

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 stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

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.