ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,410 shares of the technology company's stock after selling 5,700 shares during the period. Hillsdale Investment Management Inc. owned 0.12% of ACI Worldwide worth $6,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new stake in shares of ACI Worldwide during the fourth quarter worth $55,998,000. American Century Companies Inc. raised its position in ACI Worldwide by 206.2% during the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after acquiring an additional 677,143 shares during the period. Victory Capital Management Inc. raised its holdings in shares of ACI Worldwide by 75.1% during the fourth quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company's stock valued at $25,798,000 after acquiring an additional 213,181 shares during the last quarter. Barclays PLC lifted its stake in shares of ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company's stock worth $11,513,000 after buying an additional 160,425 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of ACI Worldwide by 32.7% during the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock worth $23,565,000 after acquiring an additional 114,085 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction 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 sale, the director now owns 80,842 shares of the company's stock, valued at $4,654,073.94. This trade represents a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

ACI Worldwide Trading Down 0.3 %

Shares of ACIW stock traded down $0.18 on Wednesday, hitting $55.08. The stock had a trading volume of 458,478 shares, compared to its average volume of 646,966. The company's 50 day moving average price is $53.11 and its 200-day moving average price is $52.65. 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 1 year low of $31.19 and a 1 year high of $59.71. The firm has a market capitalization of $5.80 billion, a P/E ratio of 26.10 and a beta of 1.13.

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.