Massachusetts Financial Services Co. MA Sells 568,104 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Massachusetts Financial Services Co. MA reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 942,780 shares of the technology company's stock after selling 568,104 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.90% of ACI Worldwide worth $48,940,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. raised 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 buying an additional 298 shares during the period. Farther Finance Advisors LLC increased its holdings 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 valued at $99,000 after purchasing an additional 1,397 shares during the period. GAMMA Investing LLC lifted its position in shares of ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after purchasing an additional 508 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of ACI Worldwide during the fourth quarter worth approximately $201,000. Finally, Point72 Asset Management L.P. purchased a new position in ACI Worldwide during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Buying and Selling at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now owns 80,842 shares in the company, valued at $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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ACI Worldwide Stock Down 5.1 %

Shares of NASDAQ:ACIW traded down $2.70 during trading on Thursday, reaching $50.65. 133,671 shares of the company traded hands, compared to its average volume of 698,327. ACI Worldwide, Inc. has a 1-year low of $31.19 and a 1-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 cap of $5.34 billion, a P/E ratio of 24.03 and a beta of 1.13. The firm has a fifty day simple moving average of $52.93 and a 200 day simple moving average of $52.97.

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.