ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Holdings Lessened by Magnetar Financial LLC

Magnetar Financial LLC lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,678 shares of the technology company’s stock after selling 2,632 shares during the period. Magnetar Financial LLC’s holdings in ACI Worldwide were worth $606,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in shares of ACI Worldwide by 35.8% in the 4th quarter. Teacher Retirement System of Texas now owns 128,554 shares of the technology company’s stock worth $6,673,000 after acquiring an additional 33,870 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in ACI Worldwide during the 4th quarter valued at about $571,000. Xponance Inc. increased its stake in ACI Worldwide by 10.2% during the 4th quarter. Xponance Inc. now owns 7,604 shares of the technology company’s stock valued at $395,000 after buying an additional 702 shares during the period. Intech Investment Management LLC increased its stake in ACI Worldwide by 124.3% during the 4th quarter. Intech Investment Management LLC now owns 54,996 shares of the technology company’s stock valued at $2,855,000 after buying an additional 30,472 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in shares of ACI Worldwide during the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $53.05 on Friday. ACI Worldwide, Inc. has a twelve month low of $31.19 and a twelve month high of $59.71. The company has a 50-day moving average of $52.96 and a 200-day moving average of $52.49. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 25.14 and a beta of 1.13. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insiders Place Their Bets

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 80,842 shares in the company, valued at $4,654,073.94. This trade represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

ACI Worldwide Company 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.