Arrowstreet Capital Limited Partnership Raises Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Arrowstreet Capital Limited Partnership lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,641,168 shares of the technology company's stock after buying an additional 85,753 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.56% of ACI Worldwide worth $85,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ACIW. Cerity Partners LLC raised its position in shares of ACI Worldwide by 77.9% in the 3rd quarter. Cerity Partners LLC now owns 11,471 shares of the technology company's stock valued at $584,000 after buying an additional 5,022 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in ACI Worldwide by 2.6% in the third quarter. The Manufacturers Life Insurance Company now owns 60,412 shares of the technology company's stock valued at $3,075,000 after buying an additional 1,540 shares in the last quarter. Quantbot Technologies LP bought a new position in ACI Worldwide in the third quarter valued at about $689,000. FMR LLC grew its holdings in shares of ACI Worldwide by 173.0% during the third quarter. FMR LLC now owns 13,668 shares of the technology company's stock worth $696,000 after purchasing an additional 8,661 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in ACI Worldwide by 84.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 81,793 shares of the technology company's stock worth $4,163,000 after buying an additional 37,367 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other 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 stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now directly owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company's stock.

ACI Worldwide Trading Down 6.1 %

NASDAQ ACIW traded down $3.28 on Friday, reaching $50.18. The company had a trading volume of 1,012,012 shares, compared to its average volume of 691,443. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 23.78 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. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The business has a 50 day moving average of $53.26 and a two-hundred day moving average of $52.97.

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.