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

State of Tennessee Department of Treasury reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,886 shares of the technology company’s stock after selling 1,117 shares during the quarter. State of Tennessee Department of Treasury’s holdings in ACI Worldwide were worth $2,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of ACI Worldwide by 104.9% in the fourth 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. Covestor Ltd grew its holdings in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock valued at $31,000 after buying an additional 419 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of ACI Worldwide by 278.3% during the fourth 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 lifted its position 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 valued at $136,000 after purchasing an additional 508 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of ACI Worldwide during the fourth quarter valued at about $201,000. 94.74% of the stock is currently owned by institutional investors.

Insider Activity at ACI Worldwide

In other 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 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 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 SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

ACI Worldwide Stock Up 0.7 %

ACIW opened at $52.78 on Tuesday. 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’s 50-day moving average is $52.57 and its 200 day moving average is $53.06. ACI Worldwide, Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $59.71. The firm has a market capitalization of $5.55 billion, a P/E ratio of 25.01 and a beta of 1.13.

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.