Oberweis Asset Management Inc. Buys 127,300 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Oberweis Asset Management Inc. lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 61.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 333,012 shares of the technology company's stock after acquiring an additional 127,300 shares during the period. Oberweis Asset Management Inc. owned 0.32% of ACI Worldwide worth $17,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after purchasing an additional 298 shares during the period. Covestor Ltd raised its stake in ACI Worldwide by 239.4% during the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after buying an additional 419 shares during the period. Farther Finance Advisors LLC boosted its holdings in ACI Worldwide by 278.3% in 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 in the last quarter. GAMMA Investing LLC boosted 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 in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of ACI Worldwide during the fourth quarter valued at approximately $201,000. 94.74% of the stock is owned by institutional investors.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide 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 of the company's stock, valued at $4,654,073.94. This trade represents a 13.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

ACI Worldwide Stock Up 1.8 %

Shares of ACIW traded up $0.94 during trading hours on Tuesday, reaching $53.72. The stock had a trading volume of 204,071 shares, compared to its average volume of 702,321. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 25.45 and a beta of 1.13. The firm has a 50-day simple moving average of $52.57 and a 200 day simple moving average of $53.06. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12 month low of $33.02 and a 12 month high of $59.71.

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.