ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Vestcor Inc

Vestcor Inc decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,123 shares of the technology company's stock after selling 8,672 shares during the period. Vestcor Inc's holdings in ACI Worldwide were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ACI Worldwide in the 4th quarter worth approximately $1,661,000. Farther Finance Advisors LLC increased its position in ACI Worldwide by 278.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after buying an additional 1,397 shares during the period. HighTower Advisors LLC lifted its stake in ACI Worldwide by 10.7% in the fourth quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company's stock valued at $806,000 after buying an additional 1,507 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of ACI Worldwide during the fourth quarter valued at $214,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ACI Worldwide by 13.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,552 shares of the technology company's stock worth $1,430,000 after acquiring an additional 3,236 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

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ACI Worldwide Stock Performance

ACIW stock traded down $0.45 on Friday, reaching $53.05. The company's stock had a trading volume of 1,232,894 shares, compared to its average volume of 645,024. The firm has a fifty day moving average of $52.93 and a two-hundred day moving average of $52.47. 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 company has a market capitalization of $5.59 billion, a P/E ratio of 25.14 and a beta of 1.13. ACI Worldwide, Inc. has a 52 week low of $31.19 and a 52 week high of $59.71.

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.