Price T Rowe Associates Inc. MD Acquires 36,074 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Price T Rowe Associates Inc. MD boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 944,175 shares of the technology company's stock after buying an additional 36,074 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.90% of ACI Worldwide worth $49,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ironwood Investment Management LLC lifted its holdings in ACI Worldwide by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company's stock valued at $1,565,000 after purchasing an additional 227 shares during the last quarter. Pacer Advisors Inc. grew its position in ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after acquiring an additional 238 shares during the last quarter. Corient Private Wealth LLC boosted its position in ACI Worldwide by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company's stock valued at $293,000 after buying an additional 267 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $30,000 after acquiring an additional 298 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of ACI Worldwide by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,034 shares of the technology company's stock worth $573,000 after purchasing an additional 350 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Trading Up 1.7 %

Shares of ACIW traded up $0.93 during mid-day trading on Friday, reaching $54.84. 577,764 shares of the company were exchanged, compared to its average volume of 699,738. ACI Worldwide, Inc. has a 52 week low of $33.32 and a 52 week high of $59.71. 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 business has a 50 day simple moving average of $52.81 and a two-hundred day simple moving average of $53.09. The stock has a market capitalization of $5.77 billion, a PE ratio of 25.99 and a beta of 1.14.

Insider Activity

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 stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the transaction, the director now directly owns 80,842 shares of the company's stock, valued at $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by company 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.