Great Lakes Advisors LLC Sells 8,148 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Great Lakes Advisors LLC lowered its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,852 shares of the technology company's stock after selling 8,148 shares during the quarter. Great Lakes Advisors LLC owned 0.24% of ACI Worldwide worth $12,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of ACI Worldwide by 56.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after buying an additional 6,602 shares in the last quarter. Verition Fund Management LLC raised its position in shares of ACI Worldwide by 86.5% during the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company's stock valued at $1,004,000 after buying an additional 9,149 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at $1,248,000. State Street Corp raised its position in shares of ACI Worldwide by 1.3% during the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock valued at $226,803,000 after buying an additional 56,919 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded up $1.86 on Friday, hitting $52.92. 551,201 shares of the company traded hands, compared to its average volume of 643,106. The firm's 50-day simple moving average is $52.83 and its 200 day simple moving average is $52.39. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.57 billion, a P/E ratio of 25.08 and a beta of 1.13. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71.

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Insider Activity

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

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.