Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 31,997 ACI Worldwide, Inc. (NASDAQ:ACIW)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,997 shares of the technology company's stock, valued at approximately $1,661,000.

Several other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after purchasing an additional 1,397 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of ACI Worldwide by 10.7% during the fourth quarter. HighTower Advisors LLC now owns 15,532 shares of the technology company's stock worth $806,000 after buying an additional 1,507 shares during the period. Moran Wealth Management LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter worth about $214,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ACI Worldwide by 13.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,552 shares of the technology company's stock worth $1,430,000 after buying an additional 3,236 shares during the period. Finally, Amundi boosted its stake in shares of ACI Worldwide by 95.6% during the fourth quarter. Amundi now owns 63,221 shares of the technology company's stock worth $3,295,000 after buying an additional 30,901 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.

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ACI Worldwide Stock Performance

Shares of ACIW traded down $0.45 during mid-day trading on Friday, hitting $53.05. 1,260,094 shares of the company's stock were exchanged, compared to its average volume of 646,973. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The firm has a market capitalization of $5.59 billion, a P/E ratio of 25.14 and a beta of 1.13. The business's 50 day moving average is $52.96 and its two-hundred day moving average is $52.51. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the 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 completion of the sale, the director now owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

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.