Dynamic Technology Lab Private Ltd Invests $519,000 in ACI Worldwide, Inc. (NASDAQ:ACIW)

Dynamic Technology Lab Private Ltd purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,989 shares of the technology company's stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ACI Worldwide by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock worth $719,652,000 after acquiring an additional 189,980 shares in the last quarter. State Street Corp increased its stake in ACI Worldwide by 1.3% in the third 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 last quarter. Geode Capital Management LLC raised its holdings in ACI Worldwide by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after purchasing an additional 459,821 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ACI Worldwide by 5.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,641,168 shares of the technology company's stock worth $85,193,000 after purchasing an additional 85,753 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of ACI Worldwide during the 4th quarter worth approximately $75,868,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Up 1.8 %

Shares of NASDAQ ACIW traded up $0.95 during mid-day trading on Monday, reaching $52.83. The company had a trading volume of 74,801 shares, compared to its average volume of 701,797. The firm has a 50 day simple moving average of $52.84 and a two-hundred day simple moving average of $53.02. ACI Worldwide, Inc. has a 52-week low of $31.19 and a 52-week 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 market cap of $5.56 billion, a P/E ratio of 25.04 and a beta of 1.13.

Insiders Place Their Bets

In related news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the sale, the director now directly owns 80,842 shares in the company, valued at $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 available through this link. Corporate insiders own 1.00% of the company's stock.

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.