Norges Bank Purchases Shares of 1,461,535 ACI Worldwide, Inc. (NASDAQ:ACIW)

Norges Bank purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,461,535 shares of the technology company's stock, valued at approximately $75,868,000. Norges Bank owned 1.39% of ACI Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after buying an additional 298 shares in the last quarter. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 278.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company's stock worth $99,000 after acquiring an additional 1,397 shares during the period. GAMMA Investing LLC raised its holdings in ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock valued at $136,000 after acquiring an additional 508 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of ACI Worldwide in the fourth quarter worth $201,000. Finally, Point72 Asset Management L.P. acquired a new position in ACI Worldwide in the third quarter valued at about $204,000. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Price Performance

ACI Worldwide stock traded down $0.48 during trading hours on Monday, reaching $49.70. 1,322,926 shares of the stock were exchanged, compared to its average volume of 693,959. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a twelve month low of $31.19 and a twelve month high of $59.71. The company has a market cap of $5.24 billion, a P/E ratio of 23.55 and a beta of 1.13. The stock has a 50 day moving average of $53.19 and a two-hundred day moving average of $53.00.

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Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the business's 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 transaction, the director now owns 80,842 shares of the company's stock, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.