Raymond James Financial Inc. Makes New Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Raymond James Financial Inc. acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 101,952 shares of the technology company's stock, valued at approximately $5,292,000. Raymond James Financial Inc. owned about 0.10% of ACI Worldwide at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Atria Investments Inc boosted its holdings in shares of ACI Worldwide by 33.1% during the 4th quarter. Atria Investments Inc now owns 20,674 shares of the technology company's stock valued at $1,073,000 after acquiring an additional 5,142 shares during the last quarter. Assetmark Inc. boosted its holdings in ACI Worldwide by 5.2% in the fourth quarter. Assetmark Inc. now owns 35,371 shares of the technology company's stock worth $1,836,000 after purchasing an additional 1,735 shares during the last quarter. Victory Capital Management Inc. grew its position in ACI Worldwide by 75.1% in the 4th quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company's stock worth $25,798,000 after purchasing an additional 213,181 shares during the period. Charles Schwab Investment Management Inc. raised its stake in ACI Worldwide by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,333 shares of the technology company's stock valued at $72,587,000 after buying an additional 8,599 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of ACI Worldwide by 929.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,160 shares of the technology company's stock valued at $214,000 after buying an additional 3,756 shares during the period. 94.74% of the stock is currently owned by institutional investors.

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ACI Worldwide Stock Performance

Shares of ACIW traded down $0.89 during trading hours on Friday, hitting $54.28. The stock had a trading volume of 595,450 shares, compared to its average volume of 679,860. The firm has a market capitalization of $5.72 billion, a PE ratio of 25.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71. The stock has a fifty day moving average price of $53.13 and a 200 day moving average price of $52.75.

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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 of the company's stock, valued at $4,654,073.94. The trade was a 13.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company's stock.

About ACI Worldwide

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.