Connor Clark & Lunn Investment Management Ltd. Takes Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Connor Clark & Lunn Investment Management Ltd. bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,997 shares of the technology company’s stock, valued at approximately $1,661,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of ACI Worldwide by 104.9% in the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after acquiring an additional 298 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 buying an additional 1,397 shares during the period. GAMMA Investing LLC grew its holdings in shares of ACI Worldwide by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after buying an additional 508 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in ACI Worldwide during the third quarter valued at $204,000. Finally, Nkcfo LLC purchased a new stake in ACI Worldwide in the 4th quarter worth about $208,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the company’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 transaction, the director now directly owns 80,842 shares of the company’s stock, valued at $4,654,073.94. This represents a 13.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Trading Up 1.9 %

NASDAQ:ACIW opened at $53.54 on Thursday. The stock has a market cap of $5.64 billion, a PE ratio of 25.37 and a beta of 1.13. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. 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 stock’s 50-day moving average is $52.90 and its two-hundred day moving average is $52.46.

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.