Hood River Capital Management LLC Has $175.17 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hood River Capital Management LLC grew its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,374,507 shares of the technology company's stock after buying an additional 100,311 shares during the period. ACI Worldwide comprises 2.6% of Hood River Capital Management LLC's portfolio, making the stock its 4th largest position. Hood River Capital Management LLC owned 3.22% of ACI Worldwide worth $175,171,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ACIW. Blue Trust Inc. raised its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after purchasing an additional 298 shares during the period. Covestor Ltd boosted its holdings in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares during the period. Farther Finance Advisors LLC grew its position in shares of 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 last quarter. GAMMA Investing LLC increased its holdings in shares of 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 period. Finally, Tocqueville Asset Management L.P. acquired a new position in ACI Worldwide during the 4th quarter valued at about $201,000. 94.74% of the stock is currently owned by institutional investors.

Insider Transactions at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the firm'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 transaction of $744,955.80. Following the transaction, the director now owns 80,842 shares in the company, valued at $4,654,073.94. This trade 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. Company insiders own 1.00% of the company's stock.

ACI Worldwide Stock Performance

Shares of ACIW traded up $0.03 during mid-day trading on Monday, reaching $52.42. 231,622 shares of the company's stock traded hands, compared to its average volume of 702,759. ACI Worldwide, Inc. has a 12 month low of $33.02 and a 12 month high of $59.71. The stock has a market capitalization of $5.51 billion, a P/E ratio of 24.86 and a beta of 1.13. The business's 50-day moving average price is $52.55 and its 200-day moving average price is $53.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

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.