Raymond James Financial Inc. Takes Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Raymond James Financial Inc. bought a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 101,952 shares of the technology company’s stock, valued at approximately $5,292,000.

Several other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company’s stock worth $946,000 after acquiring an additional 6,602 shares in the last quarter. Verition Fund Management LLC raised its position in shares of ACI Worldwide by 86.5% during the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 9,149 shares during the period. Intech Investment Management LLC bought a new position in shares of ACI Worldwide in the 3rd quarter worth $1,248,000. State Street Corp grew its position in ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after purchasing an additional 56,919 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in ACI Worldwide during the 3rd quarter valued at $204,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

ACIW opened at $55.26 on Wednesday. ACI Worldwide, Inc. has a 1-year low of $31.19 and a 1-year high of $59.71. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13. The company’s fifty day moving average price is $53.08 and its two-hundred day moving average price is $52.63. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now owns 80,842 shares of the company’s stock, valued at $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company 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.