Moran Wealth Management LLC Acquires New Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Moran Wealth Management LLC bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,122 shares of the technology company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC boosted its holdings in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the period. Blue Trust Inc. lifted its position in ACI Worldwide by 104.9% during 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 last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 508 shares during the last quarter. Aigen Investment Management LP bought a new stake in ACI Worldwide during the third quarter valued at about $204,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of ACI Worldwide in the third quarter valued at about $204,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $51.61 on Thursday. The stock has a 50-day simple moving average of $52.87 and a 200 day simple moving average of $52.35. ACI Worldwide, Inc. has a twelve month low of $31.19 and a twelve month high of $59.71. The stock has a market capitalization of $5.44 billion, a PE ratio of 24.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now owns 80,842 shares in the company, valued at approximately $4,654,073.94. This trade represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.