Wells Fargo & Company MN Decreases Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Wells Fargo & Company MN cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,133 shares of the technology company's stock after selling 18,925 shares during the quarter. Wells Fargo & Company MN owned about 0.16% of ACI Worldwide worth $8,468,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after acquiring an additional 298 shares during the period. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 278.3% in the 4th 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% during the 4th 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 period. Tocqueville Asset Management L.P. purchased a new position in shares of ACI Worldwide during the 4th quarter worth approximately $201,000. Finally, Nkcfo LLC acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at approximately $208,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the sale, the director now owns 80,842 shares in the company, valued at $4,654,073.94. This trade represents 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 this link. Insiders own 1.00% of the company's stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded up $1.96 during trading on Wednesday, reaching $53.02. The company's stock had a trading volume of 85,650 shares, compared to its average volume of 700,701. The business has a 50 day moving average price of $52.59 and a 200-day moving average price of $53.03. The company has a market capitalization of $5.58 billion, a P/E ratio of 25.13 and a beta of 1.13. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $32.25 and a 12-month 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.