Aristotle Capital Boston LLC Trims Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Aristotle Capital Boston LLC decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,133,999 shares of the technology company's stock after selling 128,690 shares during the quarter. ACI Worldwide accounts for approximately 2.2% of Aristotle Capital Boston LLC's portfolio, making the stock its 6th largest position. Aristotle Capital Boston LLC owned about 1.08% of ACI Worldwide worth $58,866,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACIW. Barclays PLC increased its holdings in shares of ACI Worldwide by 244.0% in the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company's stock worth $11,513,000 after buying an additional 160,425 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in ACI Worldwide in the third quarter worth $220,000. JPMorgan Chase & Co. increased its stake in ACI Worldwide by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company's stock valued at $13,133,000 after acquiring an additional 8,914 shares during the last quarter. GAMMA Investing LLC raised its position in 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 purchasing an additional 508 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in ACI Worldwide by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 245,654 shares of the technology company's stock worth $12,753,000 after purchasing an additional 11,391 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 80,842 shares in the company, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

ACI Worldwide Price Performance

Shares of ACIW traded down $5.49 during midday trading on Thursday, reaching $49.39. The stock had a trading volume of 982,933 shares, compared to its average volume of 701,620. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 23.41 and a beta of 1.14. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The company's 50-day moving average is $52.84 and its 200 day moving average is $53.15.

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.