Legal & General Group Plc Sells 14,737 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Legal & General Group Plc trimmed its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,245 shares of the technology company’s stock after selling 14,737 shares during the quarter. Legal & General Group Plc’s holdings in ACI Worldwide were worth $15,638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACIW. Invesco Ltd. boosted its holdings in shares of ACI Worldwide by 8.5% in the 4th quarter. Invesco Ltd. now owns 2,013,328 shares of the technology company’s stock valued at $104,512,000 after buying an additional 157,303 shares during the last quarter. Trek Financial LLC acquired a new stake in ACI Worldwide in the fourth quarter valued at $690,000. Aristides Capital LLC lifted its stake in ACI Worldwide by 70.8% in the fourth quarter. Aristides Capital LLC now owns 16,022 shares of the technology company’s stock valued at $832,000 after acquiring an additional 6,640 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of ACI Worldwide by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 72,703 shares of the technology company’s stock valued at $3,774,000 after acquiring an additional 719 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of ACI Worldwide by 21.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 214,278 shares of the technology company’s stock valued at $11,123,000 after purchasing an additional 37,584 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Up 0.5 %

ACI Worldwide stock opened at $52.13 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day simple moving average of $52.79 and a 200 day simple moving average of $53.03. The stock has a market capitalization of $5.49 billion, a P/E ratio of 24.71 and a beta of 1.13. ACI Worldwide, Inc. has a 52 week low of $31.19 and a 52 week high of $59.71.

Insider Buying and Selling

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 80,842 shares of the company’s stock, valued at $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is 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.