Ironwood Investment Management LLC Raises Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Ironwood Investment Management LLC grew its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 30,151 shares of the technology company’s stock after purchasing an additional 227 shares during the quarter. Ironwood Investment Management LLC’s holdings in ACI Worldwide were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after buying an additional 56,919 shares during the period. Geode Capital Management LLC raised its stake in shares of ACI Worldwide by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after acquiring an additional 31,561 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ACI Worldwide by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,398,333 shares of the technology company’s stock valued at $72,587,000 after purchasing an additional 8,599 shares during the period. Congress Asset Management Co. purchased a new stake in ACI Worldwide during the 4th quarter worth about $55,998,000. Finally, Principal Financial Group Inc. raised its position in ACI Worldwide by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 545,506 shares of the technology company’s stock valued at $28,317,000 after purchasing an additional 20,893 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW opened at $52.92 on Friday. The stock has a 50-day simple moving average of $52.84 and a 200-day simple moving average of $52.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 1 year low of $31.19 and a 1 year high of $59.71. The stock has a market capitalization of $5.57 billion, a PE ratio of 25.08 and a beta of 1.13.

Insider Buying and Selling

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

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.