Alliancebernstein L.P. Sells 609,928 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Alliancebernstein L.P. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,791,177 shares of the technology company's stock after selling 609,928 shares during the period. Alliancebernstein L.P. owned 1.71% of ACI Worldwide worth $92,980,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ACIW. Janney Montgomery Scott LLC boosted its holdings in ACI Worldwide by 56.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after purchasing an additional 6,602 shares during the period. Verition Fund Management LLC lifted its stake in shares of ACI Worldwide by 86.5% in the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company's stock valued at $1,004,000 after buying an additional 9,149 shares during the period. State Street Corp grew its position in ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after buying an additional 56,919 shares in the last quarter. Point72 Asset Management L.P. bought a new position in ACI Worldwide during the third quarter valued at about $204,000. Finally, Ritholtz Wealth Management increased its stake in ACI Worldwide by 48.8% during the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock valued at $2,793,000 after acquiring an additional 17,636 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW stock traded up $1.37 during mid-day trading on Tuesday, reaching $51.07. The stock had a trading volume of 311,932 shares, compared to its average volume of 692,547. The firm has a market cap of $5.38 billion, a PE ratio of 24.18 and a beta of 1.13. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a one year low of $31.19 and a one year high of $59.71. The firm's 50 day simple moving average is $53.19 and its 200 day simple moving average is $53.00.

Insider Buying and Selling

In other ACI Worldwide 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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.