16,826 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,826 shares of the technology company’s stock, valued at approximately $873,000.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its stake in ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after purchasing an additional 56,919 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after buying an additional 31,561 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ACI Worldwide by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,333 shares of the technology company’s stock worth $72,587,000 after acquiring an additional 8,599 shares during the period. Congress Asset Management Co. acquired a new stake in shares of ACI Worldwide during the 4th quarter worth approximately $55,998,000. Finally, Principal Financial Group Inc. increased its stake in ACI Worldwide by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 545,506 shares of the technology company’s stock valued at $28,317,000 after acquiring an additional 20,893 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Down 0.8 %

NASDAQ ACIW opened at $53.05 on Monday. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The business has a fifty day moving average price of $52.96 and a two-hundred day moving average price of $52.54. 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 stock has a market capitalization of $5.59 billion, a PE ratio of 25.14 and a beta of 1.13.

Insider Activity at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the 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 transaction, the director now owns 80,842 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

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.