Xponance Inc. Acquires 702 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Xponance Inc. lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,604 shares of the technology company’s stock after purchasing an additional 702 shares during the quarter. Xponance Inc.’s holdings in ACI Worldwide were worth $395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in ACI Worldwide during the 3rd quarter worth $1,248,000. Charles Schwab Investment Management Inc. increased its position in shares of ACI Worldwide by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after purchasing an additional 33,408 shares during the period. Citigroup Inc. raised its stake in ACI Worldwide by 46.7% in the third quarter. Citigroup Inc. now owns 157,509 shares of the technology company’s stock valued at $8,017,000 after purchasing an additional 50,145 shares in the last quarter. Cerity Partners LLC grew its stake in ACI Worldwide by 77.9% during the third quarter. Cerity Partners LLC now owns 11,471 shares of the technology company’s stock worth $584,000 after buying an additional 5,022 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in ACI Worldwide during the third quarter worth about $235,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW opened at $55.08 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.80 billion, a PE ratio of 26.10 and a beta of 1.13. The firm has a 50 day moving average of $53.11 and a 200-day moving average of $52.65. ACI Worldwide, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm’s stock in a transaction on 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 owns 80,842 shares of the company’s stock, valued at approximately $4,654,073.94. This trade represents a 13.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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.