Scotia Capital Inc. Takes $2.54 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Scotia Capital Inc. acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 48,971 shares of the technology company’s stock, valued at approximately $2,542,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after buying an additional 298 shares during the last quarter. Farther Finance Advisors LLC raised its stake in ACI Worldwide by 278.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock worth $99,000 after acquiring an additional 1,397 shares during the period. GAMMA Investing LLC lifted its holdings in ACI Worldwide by 24.0% in the fourth 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. Tocqueville Asset Management L.P. acquired a new position in ACI Worldwide in the fourth quarter valued at approximately $201,000. Finally, Cim Investment Management Inc. bought a new position in shares of ACI Worldwide during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Up 1.9 %

Shares of NASDAQ ACIW opened at $51.88 on Friday. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 24.59 and a beta of 1.13. 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 stock’s 50 day simple moving average is $52.84 and its 200 day simple moving average is $52.99.

Insiders Place Their Bets

In other ACI Worldwide 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 transaction, the director now owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.

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.