ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,815 shares of the technology company's stock after selling 13,256 shares during the quarter. Woodmont Investment Counsel LLC owned approximately 0.07% of ACI Worldwide worth $3,728,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of ACI Worldwide by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock valued at $719,652,000 after purchasing an additional 189,980 shares during the period. State Street Corp raised its position in shares of ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after acquiring an additional 56,919 shares during the period. Geode Capital Management LLC raised its position in shares of ACI Worldwide by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company's stock worth $127,407,000 after acquiring an additional 31,561 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $72,587,000 after acquiring an additional 8,599 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in shares of ACI Worldwide during the 4th quarter valued at about $55,998,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

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Insider Buying and Selling

In related 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 in the company, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

ACI Worldwide Price Performance

NASDAQ ACIW traded down $0.89 during trading hours on Friday, reaching $54.28. The company's 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 price-to-earnings ratio of 25.73 and a beta of 1.13. The company's 50-day moving average is $53.13 and its two-hundred day moving average is $52.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 1-year low of $31.19 and a 1-year high of $59.71.

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.