Raymond James Financial Inc. Invests $5.29 Million in ACI Worldwide, Inc. (NASDAQ:ACIW)

Raymond James Financial Inc. bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 101,952 shares of the technology company's stock, valued at approximately $5,292,000. Raymond James Financial Inc. owned about 0.10% of ACI Worldwide at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ACIW. Blue Trust Inc. grew its holdings in ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after acquiring an additional 298 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 stake in ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after purchasing an additional 508 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in ACI Worldwide in the fourth quarter valued at about $201,000. Finally, Cim Investment Management Inc. acquired a new stake in ACI Worldwide during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Insiders Place Their Bets

In other 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

ACI Worldwide Stock Performance

Shares of ACIW traded up $0.80 during mid-day trading on Thursday, hitting $54.16. The stock had a trading volume of 130,401 shares, compared to its average volume of 700,204. ACI Worldwide, Inc. has a fifty-two week low of $33.32 and a fifty-two week high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.70 billion, a PE ratio of 25.73 and a beta of 1.13. The company's fifty day simple moving average is $52.66 and its two-hundred day simple moving average is $53.07.

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.