Legal & General Group Plc Decreases Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Legal & General Group Plc decreased its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 301,245 shares of the technology company's stock after selling 14,737 shares during the period. Legal & General Group Plc owned 0.29% of ACI Worldwide worth $15,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ACI Worldwide in the 4th quarter worth $75,868,000. Congress Asset Management Co. purchased a new position in ACI Worldwide in the fourth quarter valued at about $55,998,000. American Century Companies Inc. raised its holdings in ACI Worldwide by 206.2% in the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after purchasing an additional 677,143 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after buying an additional 459,821 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of ACI Worldwide by 109.1% during the fourth quarter. JPMorgan Chase & Co. now owns 539,572 shares of the technology company's stock valued at $28,009,000 after buying an additional 281,562 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Down 0.7 %

Shares of ACI Worldwide stock traded down $0.37 on Friday, reaching $50.94. The stock had a trading volume of 472,855 shares, compared to its average volume of 703,242. 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 stock has a market capitalization of $5.37 billion, a P/E ratio of 24.14 and a beta of 1.13. The company has a 50 day moving average price of $52.66 and a 200 day moving average price of $53.02. ACI Worldwide, Inc. has a 1 year low of $31.45 and a 1 year high of $59.71.

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.