Franklin Resources Inc. Sells 181,889 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Franklin Resources Inc. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,502,195 shares of the technology company's stock after selling 181,889 shares during the quarter. Franklin Resources Inc. owned 4.29% of ACI Worldwide worth $233,709,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after buying an additional 1,397 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $136,000 after buying an additional 508 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of ACI Worldwide in the fourth quarter worth $201,000. Finally, Point72 Asset Management L.P. purchased a new stake in ACI Worldwide during the third quarter valued at $204,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock traded down $3.28 during trading hours on Friday, reaching $50.18. 1,012,012 shares of the stock traded hands, compared to its average volume of 691,443. The company has a 50 day moving average price of $53.26 and a 200 day moving average price of $52.97. ACI Worldwide, Inc. has a one year low of $31.19 and a one year high of $59.71. 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 firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 23.78 and a beta of 1.13.

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Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction dated 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 sale, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.