Stifel Financial Corp Grows Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Stifel Financial Corp lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,953 shares of the technology company's stock after acquiring an additional 22,954 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of ACI Worldwide worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACIW. Barclays PLC raised its position in shares of ACI Worldwide by 11.9% in the 4th quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in ACI Worldwide by 56.8% in the fourth 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of ACI Worldwide during the fourth quarter valued at approximately $519,000. Ritholtz Wealth Management lifted its stake in shares of ACI Worldwide by 48.8% in the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock valued at $2,793,000 after buying an additional 17,636 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock worth $403,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company's stock.

Insider Activity

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now directly owns 80,842 shares of the company's stock, valued at $4,654,073.94. This trade 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 is available through this link. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW stock traded down $4.42 during trading hours on Thursday, hitting $50.46. 422,473 shares of the company were exchanged, compared to its average volume of 699,591. ACI Worldwide, Inc. has a 52-week low of $33.32 and a 52-week high of $59.71. 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 firm has a fifty day simple moving average of $52.84 and a 200 day simple moving average of $53.15. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 23.91 and a beta of 1.14.

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.