Hillsdale Investment Management Inc. Sells 5,700 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Hillsdale Investment Management Inc. lessened its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 126,410 shares of the technology company’s stock after selling 5,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in ACI Worldwide were worth $6,562,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after acquiring an additional 56,919 shares during the period. Geode Capital Management LLC lifted its stake in shares of ACI Worldwide by 1.3% during 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ACI Worldwide by 0.6% during 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 acquiring an additional 8,599 shares during the period. Congress Asset Management Co. acquired a new position in shares of ACI Worldwide during the fourth quarter valued at $55,998,000. Finally, American Century Companies Inc. lifted its stake in shares of ACI Worldwide by 206.2% during the fourth quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock valued at $52,194,000 after acquiring an additional 677,143 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Activity

In other ACI Worldwide news, Director Charles E. Peters, Jr. sold 12,940 shares of the 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 owns 80,842 shares of the company’s stock, valued at approximately $4,654,073.94. This represents a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

ACI Worldwide Trading Down 0.8 %

Shares of ACIW opened at $53.05 on Friday. 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 capitalization of $5.59 billion, a PE ratio of 25.14 and a beta of 1.13. The stock’s fifty day simple moving average is $52.96 and its 200-day simple moving average is $52.49.

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.