Aristeia Capital L.L.C. Makes New $843,000 Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Aristeia Capital L.L.C. bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 16,236 shares of the technology company's stock, valued at approximately $843,000.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares during the last quarter. Covestor Ltd grew its stake in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after purchasing an additional 419 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after purchasing an additional 1,397 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 worth $136,000 after buying an additional 508 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in ACI Worldwide in the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Buying and Selling

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's 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 sale, the director now owns 80,842 shares in the company, valued at $4,654,073.94. This 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 Price Performance

Shares of NASDAQ:ACIW traded down $5.70 during midday trading on Thursday, hitting $49.18. 885,834 shares of the stock were exchanged, compared to its average volume of 701,414. 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 stock has a market cap of $5.17 billion, a P/E ratio of 23.31 and a beta of 1.14. The company has a 50 day moving average price of $52.84 and a 200-day moving average price of $53.15. ACI Worldwide, Inc. has a twelve month low of $33.32 and a twelve month high of $59.71.

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.