KLP Kapitalforvaltning AS Makes New $1.80 Million Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

KLP Kapitalforvaltning AS bought a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,700 shares of the technology company’s stock, valued at approximately $1,801,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC bought a new position in ACI Worldwide in the 4th quarter valued at $1,566,000. Sei Investments Co. boosted its stake in shares of ACI Worldwide by 3.2% during the fourth quarter. Sei Investments Co. now owns 405,631 shares of the technology company’s stock valued at $21,056,000 after purchasing an additional 12,463 shares during the period. American Century Companies Inc. grew its holdings in shares of ACI Worldwide by 206.2% in the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock worth $52,194,000 after purchasing an additional 677,143 shares during the last quarter. Quantbot Technologies LP increased its stake in ACI Worldwide by 60.2% in the 4th quarter. Quantbot Technologies LP now owns 21,691 shares of the technology company’s stock worth $1,126,000 after buying an additional 8,148 shares during the period. Finally, Summit Global Investments bought a new stake in ACI Worldwide during the 4th quarter valued at about $873,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Price Performance

Shares of ACIW stock opened at $55.17 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of 26.15 and a beta of 1.13. The company’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $52.66. ACI Worldwide, Inc. has a one year low of $31.19 and a one year 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.

Insider Activity at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total value of $744,955.80. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

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.