Prudential Financial Inc. Purchases 6,730 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Prudential Financial Inc. boosted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 446,614 shares of the technology company's stock after purchasing an additional 6,730 shares during the quarter. Prudential Financial Inc. owned about 0.43% of ACI Worldwide worth $23,184,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ironwood Investment Management LLC grew its position in shares of ACI Worldwide by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company's stock worth $1,565,000 after buying an additional 227 shares during the period. Pacer Advisors Inc. boosted its stake in ACI Worldwide by 3.2% during the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock worth $403,000 after acquiring an additional 238 shares in the last quarter. Corient Private Wealth LLC grew its holdings in ACI Worldwide by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock worth $293,000 after purchasing an additional 267 shares during the period. Blue Trust Inc. increased its stake in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in ACI Worldwide by 24.0% in 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 in the last quarter. 94.74% of the stock is currently owned by institutional investors.

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ACI Worldwide Stock Up 0.8 %

Shares of NASDAQ:ACIW traded up $0.43 during trading on Monday, reaching $54.71. 993,289 shares of the stock were exchanged, compared to its average volume of 681,117. The stock has a fifty day moving average of $53.15 and a two-hundred day moving average of $52.84. ACI Worldwide, Inc. has a 1-year low of $31.19 and a 1-year high of $59.71. 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 firm has a market cap of $5.76 billion, a price-to-earnings ratio of 25.93 and a beta of 1.13.

Insiders Place Their Bets

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's 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 completion of the sale, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.