Geode Capital Management LLC Grows Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Geode Capital Management LLC raised its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,962,449 shares of the technology company's stock after purchasing an additional 459,821 shares during the period. Geode Capital Management LLC owned 2.82% of ACI Worldwide worth $154,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of ACI Worldwide by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock worth $719,652,000 after purchasing an additional 189,980 shares in the last quarter. State Street Corp boosted its holdings in ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after acquiring an additional 56,919 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of ACI Worldwide by 5.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,641,168 shares of the technology company's stock worth $85,193,000 after acquiring an additional 85,753 shares during the last quarter. Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter valued at about $75,868,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of ACI Worldwide by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,333 shares of the technology company's stock valued at $72,587,000 after purchasing an additional 8,599 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

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ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded up $0.95 during mid-day trading on Friday, hitting $51.88. The stock had a trading volume of 712,326 shares, compared to its average volume of 703,030. The company has a 50 day moving average of $52.84 and a two-hundred day moving average of $52.99. ACI Worldwide, Inc. has a twelve month low of $31.19 and a twelve month high of $59.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $5.46 billion, a PE ratio of 24.59 and a beta of 1.13.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now directly owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

ACI Worldwide 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.