ACI Worldwide, Inc. (NASDAQ:ACIW) is Global Alpha Capital Management Ltd.'s 7th Largest Position

Global Alpha Capital Management Ltd. reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,969 shares of the technology company's stock after selling 368,820 shares during the quarter. ACI Worldwide accounts for approximately 3.3% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 7th largest holding. Global Alpha Capital Management Ltd. owned approximately 0.84% of ACI Worldwide worth $45,939,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ACIW. Janney Montgomery Scott LLC raised its holdings in shares of ACI Worldwide by 56.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after purchasing an additional 6,602 shares in the last quarter. Verition Fund Management LLC raised its stake in ACI Worldwide by 86.5% in the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company's stock worth $1,004,000 after buying an additional 9,149 shares in the last quarter. Intech Investment Management LLC purchased a new stake in ACI Worldwide during the third quarter worth $1,248,000. State Street Corp lifted its holdings in ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after buying an additional 56,919 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in ACI Worldwide during the 3rd quarter valued at $204,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

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ACI Worldwide Stock Down 0.3 %

Shares of ACIW traded down $0.16 during trading hours on Wednesday, hitting $51.61. The company had a trading volume of 570,536 shares, compared to its average volume of 670,748. 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 company has a market capitalization of $5.44 billion, a PE ratio of 24.46 and a beta of 1.13. ACI Worldwide, Inc. has a one year low of $31.18 and a one year high of $59.71. The company's fifty day moving average price is $52.88 and its two-hundred day moving average price is $52.35.

Insider Activity

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction 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 owns 80,842 shares in the company, 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 SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

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.