Edgestream Partners L.P. Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Edgestream Partners L.P. bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 85,802 shares of the technology company's stock, valued at approximately $4,454,000. Edgestream Partners L.P. owned 0.08% of ACI Worldwide at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. acquired a new position in ACI Worldwide in the 4th quarter worth approximately $55,998,000. Victory Capital Management Inc. grew its holdings in shares of ACI Worldwide by 75.1% during the fourth quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company's stock valued at $25,798,000 after buying an additional 213,181 shares in the last quarter. Barclays PLC lifted its stake in ACI Worldwide by 244.0% in the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company's stock worth $11,513,000 after acquiring an additional 160,425 shares in the last quarter. Fisher Asset Management LLC boosted its position in ACI Worldwide by 32.7% during the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock worth $23,565,000 after acquiring an additional 114,085 shares during the period. Finally, EULAV Asset Management purchased a new position in ACI Worldwide during the 4th quarter valued at about $5,463,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Down 0.3 %

Shares of NASDAQ ACIW traded down $0.16 during mid-day trading on Wednesday, reaching $51.61. The company had a trading volume of 570,433 shares, compared to its average volume of 643,537. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 24.46 and a beta of 1.13. 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 moving average of $52.88 and a two-hundred day moving average of $52.35. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71.

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Insider Activity

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction that occurred on 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 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 position. The sale was disclosed in a 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.