Summit Global Investments Acquires New Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Summit Global Investments acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,826 shares of the technology company's stock, valued at approximately $873,000.

A number of other large investors also recently added to or reduced their stakes in the business. Ironwood Investment Management LLC lifted its holdings 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 worth $1,565,000 after buying an additional 227 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of ACI Worldwide by 3.2% during the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after purchasing an additional 238 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of ACI Worldwide by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock worth $293,000 after buying an additional 267 shares in the last quarter. Blue Trust Inc. grew its holdings in ACI Worldwide by 104.9% during the 4th 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. Finally, GAMMA Investing LLC increased its stake in ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock worth $136,000 after acquiring an additional 508 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.

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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 dated Monday, March 3rd. The shares were sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company's stock.

ACI Worldwide Price Performance

ACIW traded up $0.09 during trading hours on Thursday, hitting $55.17. The company's stock had a trading volume of 424,548 shares, compared to its average volume of 646,106. ACI Worldwide, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The business's 50-day moving average price is $53.11 and its 200-day moving average price is $52.65. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 26.15 and a beta of 1.13.

ACI Worldwide 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.