Teacher Retirement System of Texas Increases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Teacher Retirement System of Texas lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 35.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 128,554 shares of the technology company’s stock after acquiring an additional 33,870 shares during the quarter. Teacher Retirement System of Texas’ holdings in ACI Worldwide were worth $6,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in ACI Worldwide during the 4th quarter worth approximately $571,000. Xponance Inc. increased its holdings in ACI Worldwide by 10.2% during the 4th quarter. Xponance Inc. now owns 7,604 shares of the technology company’s stock worth $395,000 after acquiring an additional 702 shares during the period. Intech Investment Management LLC increased its holdings in ACI Worldwide by 124.3% during the 4th quarter. Intech Investment Management LLC now owns 54,996 shares of the technology company’s stock worth $2,855,000 after acquiring an additional 30,472 shares during the period. Tocqueville Asset Management L.P. bought a new stake in ACI Worldwide during the 4th quarter worth approximately $201,000. Finally, Cibc World Markets Corp bought a new stake in ACI Worldwide during the 4th quarter worth approximately $512,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now 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. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $53.05 on Monday. The firm’s 50 day simple moving average is $52.96 and its 200 day simple moving average is $52.54. 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 market capitalization of $5.59 billion, a PE ratio of 25.14 and a beta of 1.13. ACI Worldwide, Inc. has a 1-year low of $31.19 and a 1-year high of $59.71.

About ACI Worldwide

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.