Trek Financial LLC Invests $690,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Trek Financial LLC purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,297 shares of the technology company's stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after acquiring an additional 298 shares during the period. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 278.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after buying an additional 1,397 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock valued at $136,000 after buying an additional 508 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of ACI Worldwide in the fourth quarter worth about $201,000. Finally, Point72 Asset Management L.P. acquired a new stake in ACI Worldwide during the third quarter worth about $204,000. Hedge funds and other institutional investors 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 the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the transaction, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

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ACI Worldwide Stock Performance

ACI Worldwide stock traded up $0.95 during mid-day trading on Friday, hitting $51.88. The company had a trading volume of 712,326 shares, compared to its average volume of 703,030. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 24.59 and a beta of 1.13. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71. The company's fifty day moving average is $52.84 and its 200-day moving average is $52.99. 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 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.