Inspire Investing LLC Sells 5,866 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Inspire Investing LLC lowered its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,038 shares of the technology company’s stock after selling 5,866 shares during the period. Inspire Investing LLC’s holdings in ACI Worldwide were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 177.3% in 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 holdings in ACI Worldwide by 7.9% in the third 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 last quarter. The Manufacturers Life Insurance Company boosted its holdings in ACI Worldwide by 0.8% in the second 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 last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock worth $136,000 after purchasing an additional 508 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in 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 worth $1,664,000 after purchasing an additional 704 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Trading Down 3.0 %

Shares of ACI Worldwide stock opened at $52.88 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 1-year low of $28.79 and a 1-year high of $59.71. The company’s fifty day simple moving average is $54.04 and its 200-day simple moving average is $50.19. The stock has a market capitalization of $5.55 billion, a PE ratio of 25.06 and a beta of 1.21.

Wall Street Analysts Forecast Growth

ACIW has been the topic of several research reports. DA Davidson cut shares of 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 report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, ACI Worldwide has an average rating of “Hold” and a consensus price target of $49.50.

Insider Activity at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The shares were 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 owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.