Congress Wealth Management LLC DE Takes $8.21 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Congress Wealth Management LLC DE bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 158,158 shares of the technology company's stock, valued at approximately $8,210,000. Congress Wealth Management LLC DE owned about 0.15% of ACI Worldwide as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in shares of ACI Worldwide by 15.6% during the third quarter. Natixis Advisors LLC now owns 36,055 shares of the technology company's stock worth $1,835,000 after buying an additional 4,863 shares during the period. Intech Investment Management LLC bought a new position in shares of ACI Worldwide in the 3rd quarter worth about $1,248,000. Charles Schwab Investment Management Inc. lifted its stake in shares of ACI Worldwide by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock valued at $70,737,000 after purchasing an additional 33,408 shares during the period. Citigroup Inc. lifted its stake in shares of ACI Worldwide by 46.7% in the 3rd quarter. Citigroup Inc. now owns 157,509 shares of the technology company's stock valued at $8,017,000 after purchasing an additional 50,145 shares during the period. Finally, Cerity Partners LLC grew its stake in ACI Worldwide by 77.9% during the third quarter. Cerity Partners LLC now owns 11,471 shares of the technology company's stock worth $584,000 after purchasing an additional 5,022 shares during the period. Institutional investors own 94.74% of the company's stock.

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ACI Worldwide Stock Down 1.6 %

ACIW stock traded down $0.89 during mid-day trading on Friday, reaching $54.28. 595,450 shares of the company traded hands, compared to its average volume of 679,860. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 25.73 and a beta of 1.13. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The firm's 50 day moving average price is $53.13 and its 200 day moving average price is $52.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the 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 sale, the director now directly owns 80,842 shares of the company's stock, 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 SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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.