Cibc World Markets Corp Buys Shares of 9,870 ACI Worldwide, Inc. (NASDAQ:ACIW)

Cibc World Markets Corp bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,870 shares of the technology company’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in ACI Worldwide by 1.3% during the 3rd 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 during the period. Geode Capital Management LLC boosted its stake in ACI Worldwide by 1.3% during 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 purchasing an additional 31,561 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $72,587,000 after purchasing an additional 8,599 shares during the period. Congress Asset Management Co. acquired a new position in ACI Worldwide during the 4th quarter valued at about $55,998,000. Finally, Principal Financial Group Inc. boosted its stake in ACI Worldwide by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 545,506 shares of the technology company’s stock valued at $28,317,000 after purchasing an additional 20,893 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the company’s stock in a transaction that occurred on 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 approximately $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Down 0.8 %

ACI Worldwide stock opened at $53.05 on Friday. The firm has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $52.51. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.14 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. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

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.