Hillsdale Investment Management Inc. Has $6.56 Million Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hillsdale Investment Management Inc. trimmed its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,410 shares of the technology company’s stock after selling 5,700 shares during the quarter. Hillsdale Investment Management Inc. owned 0.12% of ACI Worldwide worth $6,562,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ironwood Investment Management LLC grew its position in ACI Worldwide by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 30,151 shares of the technology company’s stock valued at $1,565,000 after acquiring an additional 227 shares during the period. Pacer Advisors Inc. grew its position in ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after acquiring an additional 238 shares during the period. Corient Private Wealth LLC grew its position in ACI Worldwide by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company’s stock valued at $293,000 after acquiring an additional 267 shares during the period. Blue Trust Inc. grew its position in ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after acquiring an additional 298 shares during the period. Finally, GAMMA Investing LLC grew its position in ACI Worldwide by 24.0% in the fourth 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 during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW opened at $53.05 on Friday. The business’s fifty day moving average price is $52.96 and its two-hundred day moving average price is $52.49. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.14 and a beta of 1.13. 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 Buying and Selling at ACI Worldwide

In other news, Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now owns 80,842 shares in the company, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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.