Algert Global LLC Has $9.59 Million Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Algert Global LLC raised its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,730 shares of the technology company's stock after buying an additional 13,533 shares during the period. Algert Global LLC owned approximately 0.18% of ACI Worldwide worth $9,589,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ACIW. Barclays PLC increased its position in shares of ACI Worldwide by 244.0% during the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company's stock valued at $11,513,000 after purchasing an additional 160,425 shares during the period. Peapack Gladstone Financial Corp bought a new stake in ACI Worldwide in the third quarter worth about $220,000. JPMorgan Chase & Co. lifted its holdings in ACI Worldwide by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company's stock valued at $13,133,000 after acquiring an additional 8,914 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of ACI Worldwide by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company's stock valued at $136,000 after purchasing an additional 508 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of ACI Worldwide by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 245,654 shares of the technology company's stock worth $12,753,000 after purchasing an additional 11,391 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ACI Worldwide

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of the company's stock in a transaction 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 approximately $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.

ACI Worldwide Price Performance

ACIW stock traded up $0.45 on Wednesday, hitting $54.88. 688,674 shares of the company's stock traded hands, compared to its average volume of 700,349. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 26.01 and a beta of 1.14. ACI Worldwide, Inc. has a 1-year low of $33.32 and a 1-year high of $59.71. 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 has a fifty day moving average of $52.89 and a 200-day moving average of $53.14.

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.