101,952 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 101,952 shares of the technology company’s stock, valued at approximately $5,292,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter valued at $75,868,000. Congress Asset Management Co. acquired a new position in ACI Worldwide during the 4th quarter valued at about $55,998,000. American Century Companies Inc. boosted its stake in shares of ACI Worldwide by 206.2% in the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock valued at $52,194,000 after purchasing an additional 677,143 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company’s stock worth $154,095,000 after buying an additional 459,821 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of ACI Worldwide by 109.1% during the fourth quarter. JPMorgan Chase & Co. now owns 539,572 shares of the technology company’s stock worth $28,009,000 after buying an additional 281,562 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the company’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 sale, the director now directly owns 80,842 shares of the company’s stock, valued at $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Price Performance

Shares of ACIW stock opened at $52.39 on Friday. The firm’s 50 day moving average price is $52.55 and its two-hundred day moving average price is $53.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 52-week low of $32.89 and a 52-week high of $59.71. The stock has a market cap of $5.52 billion, a PE ratio of 24.83 and a beta of 1.13.

ACI Worldwide 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.