Illinois Municipal Retirement Fund Sells 1,882 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Illinois Municipal Retirement Fund lessened its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,587 shares of the technology company’s stock after selling 1,882 shares during the period. Illinois Municipal Retirement Fund’s holdings in ACI Worldwide were worth $2,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ACIW. FourThought Financial Partners LLC purchased a new position in shares of ACI Worldwide during the 4th quarter valued at $239,000. Y Intercept Hong Kong Ltd bought a new stake in ACI Worldwide during the fourth quarter valued at $256,000. Navellier & Associates Inc. purchased a new position in ACI Worldwide during the fourth quarter worth about $272,000. Leuthold Group LLC bought a new position in ACI Worldwide in the 4th quarter worth about $382,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of ACI Worldwide by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 27,334 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 2,700 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.50.

Insider Activity

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 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 directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Up 7.7 %

NASDAQ ACIW opened at $54.47 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $52.66 and its two-hundred day simple moving average is $51.94. ACI Worldwide, Inc. has a twelve month low of $30.63 and a twelve month high of $59.71. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 25.82 and a beta of 1.20.

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.