Vestcor Inc Sells 8,672 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Vestcor Inc lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 51.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,123 shares of the technology company’s stock after selling 8,672 shares during the quarter. Vestcor Inc’s holdings in ACI Worldwide were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACIW. Pacer Advisors Inc. increased its position in ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after purchasing an additional 238 shares during the period. Blue Trust Inc. boosted its stake in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC increased 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 buying an additional 508 shares during the period. Savant Capital LLC raised its stake in ACI Worldwide by 12.3% in the fourth quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock worth $279,000 after buying an additional 590 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in ACI Worldwide by 8.4% in the third quarter. Atria Investments Inc now owns 15,532 shares of the technology company’s stock worth $791,000 after buying an additional 1,204 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

ACIW opened at $53.26 on Tuesday. 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 company has a market cap of $5.61 billion, a price-to-earnings ratio of 25.24 and a beta of 1.13. The stock has a fifty day simple moving average of $52.84 and a two-hundred day simple moving average of $52.44. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71.

Insider Buying and Selling

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the business’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 directly owns 80,842 shares of the company’s stock, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

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.