Illinois Municipal Retirement Fund Has $2.94 Million Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Illinois Municipal Retirement Fund lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.2% in the 4th quarter, according to the company in 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 quarter. Illinois Municipal Retirement Fund owned about 0.05% of ACI Worldwide worth $2,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Direct Indexing L.P. bought a new stake in shares of ACI Worldwide during the third quarter worth about $214,000. Farther Finance Advisors LLC increased its holdings in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Harbor Capital Advisors Inc. raised 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. Robeco Institutional Asset Management B.V. lifted its holdings in shares of ACI Worldwide by 160.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 63,121 shares of the technology company’s stock valued at $3,213,000 after purchasing an additional 38,895 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $118,000. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

ACIW stock opened at $54.47 on Friday. The business has a 50 day moving average of $52.66 and a 200-day moving average of $51.94. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $30.63 and a 12-month high of $59.71. The firm has a market cap of $5.71 billion, a PE ratio of 25.82 and a beta of 1.20.

Analyst Ratings Changes

Separately, DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

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.