AlphaQuest LLC Decreases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

AlphaQuest LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 43.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,246 shares of the technology company’s stock after selling 6,217 shares during the period. AlphaQuest LLC’s holdings in ACI Worldwide were worth $428,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ACIW. Congress Asset Management Co. acquired a new stake in ACI Worldwide during the 4th quarter worth about $55,998,000. Victory Capital Management Inc. raised its stake in shares of ACI Worldwide by 75.1% in the fourth quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company’s stock worth $25,798,000 after purchasing an additional 213,181 shares during the last quarter. Barclays PLC lifted its holdings in shares of ACI Worldwide by 244.0% during the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after purchasing an additional 160,425 shares during the period. Fisher Asset Management LLC boosted its position in ACI Worldwide by 32.7% in the third quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock valued at $23,565,000 after buying an additional 114,085 shares during the last quarter. Finally, EULAV Asset Management acquired a new position in ACI Worldwide in the 4th quarter worth approximately $5,463,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Activity at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the transaction, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. This trade represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $51.06 on Friday. The company has a 50 day simple moving average of $52.87 and a two-hundred day simple moving average of $52.35. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 24.20 and a beta of 1.13. 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, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71.

ACI Worldwide Company 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.