ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Horizon Investment Services LLC

Horizon Investment Services LLC raised its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 30,001 shares of the technology company’s stock after purchasing an additional 1,391 shares during the quarter. Horizon Investment Services LLC’s holdings in ACI Worldwide were worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in ACI Worldwide by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after buying an additional 33,408 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ACI Worldwide by 46.7% during the third quarter. Citigroup Inc. now owns 157,509 shares of the technology company’s stock valued at $8,017,000 after acquiring an additional 50,145 shares during the last quarter. Cerity Partners LLC increased its position in ACI Worldwide by 77.9% during the 3rd quarter. Cerity Partners LLC now owns 11,471 shares of the technology company’s stock worth $584,000 after purchasing an additional 5,022 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in ACI Worldwide by 2.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,412 shares of the technology company’s stock valued at $3,075,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in ACI Worldwide in the 3rd quarter valued at about $689,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW opened at $54.28 on Friday. The company has a 50-day simple moving average of $53.13 and a 200-day simple moving average of $52.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $5.72 billion, a PE ratio of 25.73 and a beta of 1.13. ACI Worldwide, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71.

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.