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

Raymond James Financial Inc. bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 101,952 shares of the technology company's stock, valued at approximately $5,292,000. Raymond James Financial Inc. owned approximately 0.10% of ACI Worldwide as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Martingale Asset Management L P grew its stake in ACI Worldwide by 6.3% during the 4th quarter. Martingale Asset Management L P now owns 51,196 shares of the technology company's stock worth $2,658,000 after purchasing an additional 3,012 shares in the last quarter. Invesco Ltd. increased its stake in shares of ACI Worldwide by 8.5% during the fourth quarter. Invesco Ltd. now owns 2,013,328 shares of the technology company's stock worth $104,512,000 after buying an additional 157,303 shares during the period. Trek Financial LLC acquired a new stake in ACI Worldwide in the fourth quarter valued at approximately $690,000. Aristides Capital LLC lifted its stake in ACI Worldwide by 70.8% in the fourth quarter. Aristides Capital LLC now owns 16,022 shares of the technology company's stock worth $832,000 after acquiring an additional 6,640 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in ACI Worldwide by 1.0% during the 4th quarter. Russell Investments Group Ltd. now owns 72,703 shares of the technology company's stock worth $3,774,000 after acquiring an additional 719 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Up 1.4 %

Shares of ACIW traded up $0.74 during midday trading on Tuesday, reaching $53.52. The stock had a trading volume of 793,327 shares, compared to its average volume of 704,688. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 25.37 and a beta of 1.13. The company's fifty day simple moving average is $52.57 and its two-hundred day simple moving average is $53.06. ACI Worldwide, Inc. has a 1-year low of $33.02 and a 1-year high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Insider Buying and Selling at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This trade represents a 13.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

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.