ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 61.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 318,517 shares of the technology company’s stock after selling 507,997 shares during the period. River Road Asset Management LLC owned 0.30% of ACI Worldwide worth $16,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of ACI Worldwide by 3.2% during the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after buying an additional 238 shares during the period. Blue Trust Inc. raised its holdings in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after buying an additional 298 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the period. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after buying an additional 508 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of ACI Worldwide by 12.3% during the 4th quarter. Savant Capital LLC now owns 5,381 shares of the technology company’s stock valued at $279,000 after buying an additional 590 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW opened at $51.69 on Tuesday. The company has a market cap of $5.44 billion, a P/E ratio of 24.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a one year low of $31.19 and a one year high of $59.71. The business’s 50-day simple moving average is $52.88 and its 200 day simple moving average is $52.34.

Insiders Place Their Bets

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 in the company, valued at $4,654,073.94. The trade was a 13.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.