Aigen Investment Management LP Purchases New Shares in ACI Worldwide, Inc. (NASDAQ:ACIW)

Aigen Investment Management LP acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,999 shares of the technology company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares during 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 worth $243,000 after buying an additional 350 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring 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 second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock valued at $2,331,000 after acquiring an additional 469 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock worth $234,000 after acquiring an additional 478 shares during the period. Institutional investors own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Finally, StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

ACI Worldwide Stock Down 1.3 %

ACI Worldwide stock opened at $54.29 on Friday. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 25.73 and a beta of 1.19. The firm has a 50 day simple moving average of $50.99 and a 200 day simple moving average of $44.26. ACI Worldwide, Inc. has a 1-year low of $24.76 and a 1-year high of $59.60. 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 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.