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S1 investor Ramius continues to sell shares, reduces ownership to 5.7%
By Lisa Kerner
Charlotte, N.C., Jan. 26 - A group of S1 Corp. shareholders led by Ramius LLC sold 656,271 shares of the company's stock between Jan. 6 and Jan. 23 at prices from $6.3279 to $7.7465 each.
The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.
Ramius sold 737,904 shares of the company's stock between Dec. 23 and Jan. 5 at prices from $7.0703 to $7.9565 each, a prior SEC filing said.
The investors beneficially own 3,032,303 shares, or 5.7%, of the Norcross, Ga.-based company.
S1's software is used to automate the processing of financial transactions.
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