Intech Investment Management LLC Purchases 30,472 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Intech Investment Management LLC boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 124.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,996 shares of the technology company’s stock after acquiring an additional 30,472 shares during the quarter. Intech Investment Management LLC owned 0.05% of ACI Worldwide worth $2,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACIW. Congress Asset Management Co. bought a new stake in ACI Worldwide during the fourth quarter worth $55,998,000. Victory Capital Management Inc. boosted its stake in shares of ACI Worldwide by 75.1% in the 4th quarter. Victory Capital Management Inc. now owns 496,983 shares of the technology company’s stock valued at $25,798,000 after purchasing an additional 213,181 shares in the last quarter. Barclays PLC boosted its stake in shares of ACI Worldwide by 244.0% in 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 in the last quarter. Fisher Asset Management LLC boosted its stake in shares of ACI Worldwide by 32.7% in the 3rd quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock valued at $23,565,000 after purchasing an additional 114,085 shares in the last quarter. Finally, EULAV Asset Management acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at approximately $5,463,000. 94.74% of the stock is owned by institutional investors.

ACI Worldwide Trading Up 1.9 %

ACIW opened at $53.54 on Thursday. The company’s 50 day moving average is $52.90 and its 200-day moving average is $52.46. ACI Worldwide, Inc. has a 1-year low of $31.19 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 company has a market cap of $5.64 billion, a P/E ratio of 25.37 and a beta of 1.13.

Insider Activity

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 shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now directly owns 80,842 shares in the company, 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 at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

About ACI Worldwide

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.