Envestnet Asset Management Inc. Raises Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Envestnet Asset Management Inc. raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 21.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214,278 shares of the technology company's stock after acquiring an additional 37,584 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.20% of ACI Worldwide worth $11,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of ACI Worldwide during the fourth quarter worth approximately $519,000. Integrated Quantitative Investments LLC purchased a new position in ACI Worldwide during the 4th quarter worth $1,347,000. Bryce Point Capital LLC bought a new stake in ACI Worldwide during the 4th quarter valued at $517,000. Kesler Norman & Wride LLC raised its position in ACI Worldwide by 60.0% during the 4th quarter. Kesler Norman & Wride LLC now owns 14,505 shares of the technology company's stock valued at $753,000 after purchasing an additional 5,439 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of ACI Worldwide by 137.0% in the 4th quarter. Trexquant Investment LP now owns 251,908 shares of the technology company's stock worth $13,077,000 after buying an additional 145,640 shares during the period. 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 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 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. This represents a 13.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

ACI Worldwide Stock Up 3.8 %

Shares of ACI Worldwide stock traded up $1.96 during trading on Wednesday, hitting $53.02. 85,650 shares of the stock traded hands, compared to its average volume of 700,701. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock's fifty day simple moving average is $52.59 and its 200 day simple moving average is $53.03. The firm has a market cap of $5.58 billion, a P/E ratio of 25.13 and a beta of 1.13. ACI Worldwide, Inc. has a 52-week low of $32.25 and a 52-week high of $59.71.

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.