State of Tennessee Department of Treasury Sells 1,117 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

State of Tennessee Department of Treasury trimmed its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,886 shares of the technology company’s stock after selling 1,117 shares during the period. State of Tennessee Department of Treasury’s holdings in ACI Worldwide were worth $2,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its position in ACI Worldwide by 244.0% during the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after buying an additional 160,425 shares during the last quarter. Cim Investment Management Inc. acquired a new position in ACI Worldwide during the third quarter worth approximately $206,000. Peapack Gladstone Financial Corp acquired a new position in ACI Worldwide during the third quarter worth approximately $220,000. JPMorgan Chase & Co. boosted its stake in ACI Worldwide by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company’s stock valued at $13,133,000 after purchasing an additional 8,914 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of ACI Worldwide by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock worth $136,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the business’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Up 0.7 %

ACIW opened at $52.78 on Tuesday. ACI Worldwide, Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $5.55 billion, a P/E ratio of 25.01 and a beta of 1.13. The stock has a fifty day moving average of $52.57 and a 200-day moving average of $53.06.

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.