Townsquare Capital LLC Takes $3.24 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Townsquare Capital LLC purchased a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,394 shares of the technology company's stock, valued at approximately $3,239,000. Townsquare Capital LLC owned about 0.06% of ACI Worldwide at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in ACI Worldwide by 56.8% during the fourth 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 during the period. Dynamic Technology Lab Private Ltd purchased a new stake in ACI Worldwide in the fourth quarter worth about $519,000. Ritholtz Wealth Management raised its stake in ACI Worldwide by 48.8% during the 4th quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock worth $2,793,000 after acquiring an additional 17,636 shares during the period. Pacer Advisors Inc. lifted its stake in shares of ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after buying an additional 238 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of ACI Worldwide by 3.2% in the fourth quarter. Sei Investments Co. now owns 405,631 shares of the technology company's stock valued at $21,056,000 after acquiring an additional 12,463 shares in the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

ACIW traded down $0.37 on Friday, hitting $50.94. 472,855 shares of the company's stock traded hands, compared to its average volume of 703,172. ACI Worldwide, Inc. has a one year low of $31.97 and a one year high of $59.71. 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 firm has a market cap of $5.37 billion, a price-to-earnings ratio of 24.14 and a beta of 1.13. The company's 50 day simple moving average is $52.66 and its 200-day simple moving average is $53.06.

Insider Activity

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now directly owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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.