Congress Wealth Management LLC DE Invests $8.21 Million in ACI Worldwide, Inc. (NASDAQ:ACIW)

Congress Wealth Management LLC DE purchased a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 158,158 shares of the technology company’s stock, valued at approximately $8,210,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of ACI Worldwide by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company’s stock valued at $719,652,000 after buying an additional 189,980 shares during the last quarter. Bridge City Capital LLC grew its stake in ACI Worldwide by 4.7% during the 4th quarter. Bridge City Capital LLC now owns 59,238 shares of the technology company’s stock valued at $3,075,000 after acquiring an additional 2,663 shares in the last quarter. LPL Financial LLC raised its holdings in ACI Worldwide by 13.5% in the 4th quarter. LPL Financial LLC now owns 31,132 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 3,698 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in ACI Worldwide in the 4th quarter worth approximately $1,801,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of ACI Worldwide during the 4th quarter worth approximately $1,566,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

ACIW stock opened at $55.26 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $31.19 and a 1 year high of $59.71. The firm has a market capitalization of $5.82 billion, a PE ratio of 26.19 and a beta of 1.13. 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 business has a 50 day simple moving average of $53.08 and a 200-day simple moving average of $52.63.

Insider Buying and Selling at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now owns 80,842 shares of the company’s stock, 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 link. 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.