JPMorgan Chase & Co. Acquires 281,562 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

JPMorgan Chase & Co. lifted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 109.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 539,572 shares of the technology company's stock after acquiring an additional 281,562 shares during the period. JPMorgan Chase & Co. owned 0.51% of ACI Worldwide worth $28,009,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after purchasing an additional 1,397 shares in the last quarter. GAMMA Investing LLC increased its position in ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after purchasing an additional 508 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in ACI Worldwide during the fourth quarter valued at $201,000. Finally, Point72 Asset Management L.P. bought a new position in ACI Worldwide during the third quarter valued at $204,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insiders Place Their Bets

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now directly 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. 1.00% of the stock is currently owned by insiders.

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ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded up $0.95 during trading hours on Friday, reaching $51.88. The company's stock had a trading volume of 712,326 shares, compared to its average volume of 704,211. The firm has a 50 day moving average price of $52.84 and a 200-day moving average price of $53.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $5.46 billion, a P/E ratio of 24.59 and a beta of 1.13. ACI Worldwide, Inc. has a one year low of $31.19 and a one year high of $59.71.

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.