Connor Clark & Lunn Investment Management Ltd. Invests $1.66 Million in ACI Worldwide, Inc. (NASDAQ:ACIW)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 31,997 shares of the technology company’s stock, valued at approximately $1,661,000.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after buying an additional 298 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 278.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,899 shares of the technology company’s stock valued at $99,000 after acquiring an additional 1,397 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after acquiring an additional 508 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in ACI Worldwide in the 3rd quarter worth approximately $204,000. Finally, Nkcfo LLC bought a new stake in ACI Worldwide during the fourth quarter worth approximately $208,000. 94.74% of the stock is currently owned by institutional investors.

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 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 in the company, valued at $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

ACI Worldwide Trading Up 1.9 %

NASDAQ: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. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12 month low of $31.19 and a 12 month high of $59.71. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 25.37 and a beta of 1.13.

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.