California Public Employees Retirement System Cuts Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

California Public Employees Retirement System lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,704 shares of the technology company's stock after selling 11,870 shares during the period. California Public Employees Retirement System owned approximately 0.20% of ACI Worldwide worth $10,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after buying an additional 6,602 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of ACI Worldwide by 86.5% in the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company's stock worth $1,004,000 after acquiring an additional 9,149 shares during the last quarter. State Street Corp boosted its position in shares of ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after purchasing an additional 56,919 shares during the period. Point72 Asset Management L.P. acquired a new stake in ACI Worldwide in the 3rd quarter valued at approximately $204,000. Finally, Ritholtz Wealth Management raised its position in ACI Worldwide by 48.8% in the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock valued at $2,793,000 after purchasing an additional 17,636 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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ACI Worldwide Trading Up 1.9 %

Shares of ACIW traded up $0.95 during midday trading on Friday, hitting $51.88. 712,326 shares of the stock were exchanged, compared to its average volume of 703,030. ACI Worldwide, Inc. has a 52-week low of $31.19 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a fifty day simple moving average of $52.84 and a 200 day simple moving average of $52.99. The firm has a market cap of $5.46 billion, a P/E ratio of 24.59 and a beta of 1.13.

Insider Buying and Selling

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.