Harvest Fund Management Co. Ltd Invests $571,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Harvest Fund Management Co. Ltd acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,082 shares of the technology company's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC raised its position in ACI Worldwide by 15.6% during the 3rd quarter. Natixis Advisors LLC now owns 36,055 shares of the technology company's stock valued at $1,835,000 after purchasing an additional 4,863 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of ACI Worldwide by 48.2% during the third quarter. Thrivent Financial for Lutherans now owns 146,558 shares of the technology company's stock valued at $7,460,000 after acquiring an additional 47,685 shares in the last quarter. Quest Partners LLC lifted its stake in ACI Worldwide by 30.8% in the third quarter. Quest Partners LLC now owns 14,463 shares of the technology company's stock worth $736,000 after acquiring an additional 3,408 shares during the period. Caprock Group LLC bought a new stake in ACI Worldwide in the third quarter valued at $259,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in ACI Worldwide during the 3rd quarter valued at $2,597,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Trading Up 1.5 %

Shares of NASDAQ:ACIW traded up $0.83 on Tuesday, hitting $55.26. The company had a trading volume of 427,456 shares, compared to its average volume of 646,196. ACI Worldwide, Inc. has a 1 year low of $31.19 and a 1 year high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm's 50-day simple moving average is $53.02 and its two-hundred day simple moving average is $52.58. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13.

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Insider Transactions at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction on Monday, March 3rd. The stock was 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 $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 at this link. Corporate 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.