O Shaughnessy Asset Management LLC Increases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

O Shaughnessy Asset Management LLC raised its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 48.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,451 shares of the technology company's stock after purchasing an additional 36,623 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.11% of ACI Worldwide worth $5,785,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in ACI Worldwide during the 4th quarter valued at $75,868,000. Congress Asset Management Co. bought a new position in shares of ACI Worldwide during the fourth quarter valued at about $55,998,000. American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 677,143 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 worth $28,009,000 after purchasing an additional 281,562 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of ACI Worldwide by 75.1% in the fourth quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company's stock worth $25,798,000 after purchasing an additional 213,181 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Down 6.1 %

ACIW traded down $3.28 during midday trading on Friday, reaching $50.18. 1,012,012 shares of the company's stock traded hands, compared to its average volume of 691,443. ACI Worldwide, Inc. has a 52 week low of $31.19 and a 52 week 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 fifty day moving average of $53.26 and a two-hundred day moving average of $52.99. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 23.78 and a beta of 1.13.

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Insider Activity

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $4,654,073.94. The trade was a 13.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

ACI Worldwide Company Profile

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.