ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 124.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,996 shares of the technology company's stock after acquiring an additional 30,472 shares during the period. Intech Investment Management LLC owned about 0.05% of ACI Worldwide worth $2,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACIW. Tocqueville Asset Management L.P. acquired a new position in shares of ACI Worldwide during the fourth quarter worth about $201,000. Cibc World Markets Corp purchased a new stake in shares of ACI Worldwide during the 4th quarter valued at about $512,000. Corient Private Wealth LLC lifted its position in ACI Worldwide by 5.0% during the 4th quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock worth $293,000 after acquiring an additional 267 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of ACI Worldwide by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company's stock valued at $1,565,000 after purchasing an additional 227 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACI Worldwide during the 4th quarter valued at $1,661,000. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Stock Up 2.6 %

ACI Worldwide stock traded up $1.38 during midday trading on Monday, hitting $54.43. 522,258 shares of the stock were exchanged, compared to its average volume of 646,474. ACI Worldwide, Inc. has a 1 year low of $31.19 and a 1 year high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $5.73 billion, a P/E ratio of 25.80 and a beta of 1.13. The company has a 50 day moving average price of $52.96 and a two-hundred day moving average price of $52.54.

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Insider Activity

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 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 $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.