North Reef Capital Management LP Buys 331,000 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

North Reef Capital Management LP boosted its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,141,000 shares of the technology company's stock after acquiring an additional 331,000 shares during the quarter. ACI Worldwide comprises about 5.0% of North Reef Capital Management LP's holdings, making the stock its 8th largest holding. North Reef Capital Management LP owned approximately 2.04% of ACI Worldwide worth $111,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACIW. Blue Trust Inc. raised its position in shares of ACI Worldwide by 104.9% in 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. Covestor Ltd raised its position in shares of ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock valued at $99,000 after purchasing an additional 1,397 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ACI Worldwide by 24.0% in the 4th 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, Tocqueville Asset Management L.P. acquired a new stake in shares of ACI Worldwide during the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW stock traded down $0.33 on Wednesday, hitting $53.19. 120,807 shares of the stock traded hands, compared to its average volume of 703,403. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $5.59 billion, a PE ratio of 25.21 and a beta of 1.13. ACI Worldwide, Inc. has a 1-year low of $33.32 and a 1-year high of $59.71. The company's fifty day moving average is $52.60 and its 200 day moving average is $53.07.

Insider Activity at ACI Worldwide

In related 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 directly owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.