Eagle Asset Management Inc. cut its stake in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 21.6% in the fourth quarter, Holdings Channel reports. The fund owned 284,950 shares of the technology company’s stock after selling 78,373 shares during the period. Eagle Asset Management Inc.’s holdings in ACI Worldwide were worth $6,459,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ACIW. TimesSquare Capital Management LLC increased its position in shares of ACI Worldwide by 58.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,618,035 shares of the technology company’s stock valued at $59,639,000 after acquiring an additional 966,935 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $19,178,000. Conestoga Capital Advisors LLC increased its position in shares of ACI Worldwide by 14.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,153,770 shares of the technology company’s stock valued at $48,826,000 after acquiring an additional 278,990 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $6,269,000. Finally, State Street Corp increased its position in shares of ACI Worldwide by 3.9% during the second quarter. State Street Corp now owns 3,892,245 shares of the technology company’s stock valued at $87,069,000 after acquiring an additional 147,535 shares during the last quarter.
ACI Worldwide Inc (NASDAQ:ACIW) opened at $23.68 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2,687.00, a P/E ratio of 31.47, a P/E/G ratio of 3.61 and a beta of 1.24. ACI Worldwide Inc has a twelve month low of $19.55 and a twelve month high of $25.00.
In related news, Director James Mcgroddy sold 30,000 shares of ACI Worldwide stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.40, for a total value of $672,000.00. Following the completion of the transaction, the director now owns 76,896 shares in the company, valued at $1,722,470.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of ACI Worldwide stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $23.73, for a total transaction of $949,200.00. The disclosure for this sale can be found here. Insiders sold 190,000 shares of company stock valued at $4,326,300 in the last 90 days. Company insiders own 4.20% of the company’s stock.
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About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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