Fort L.P. purchased a new stake in shares of ACI Worldwide Inc (NASDAQ:ACIW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,067 shares of the technology company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Advisor Group Inc. grew its position in ACI Worldwide by 10.7% during the fourth quarter. Advisor Group Inc. now owns 3,579 shares of the technology company’s stock valued at $100,000 after buying an additional 346 shares during the period. PNC Financial Services Group Inc. grew its position in ACI Worldwide by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,127 shares of the technology company’s stock valued at $86,000 after buying an additional 465 shares during the period. Belpointe Asset Management LLC grew its position in ACI Worldwide by 2.3% during the third quarter. Belpointe Asset Management LLC now owns 24,951 shares of the technology company’s stock valued at $702,000 after buying an additional 551 shares during the period. Retirement Systems of Alabama grew its position in ACI Worldwide by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 150,374 shares of the technology company’s stock valued at $4,161,000 after buying an additional 776 shares during the period. Finally, First Hawaiian Bank grew its position in ACI Worldwide by 137.3% during the fourth quarter. First Hawaiian Bank now owns 1,419 shares of the technology company’s stock valued at $39,000 after buying an additional 821 shares during the period.

Shares of NASDAQ:ACIW opened at $33.65 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. ACI Worldwide Inc has a twelve month low of $22.13 and a twelve month high of $33.95.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $38.00 in a research report on Friday, March 8th. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b-” rating in a research report on Thursday, December 6th. Finally, BidaskClub lowered shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $34.00.

In other ACI Worldwide news, CEO Philip G. Heasley sold 166,572 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $32.28, for a total transaction of $5,376,944.16. Following the completion of the transaction, the chief executive officer now owns 1,441,533 shares in the company, valued at $46,532,685.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.42% of the stock is owned by company insiders.

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About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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