Harvest Fund Management Co. Ltd Makes New $571,000 Investment in ACI Worldwide, Inc. (NASDAQ:ACIW)

Harvest Fund Management Co. Ltd bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,082 shares of the technology company’s stock, valued at approximately $571,000.

A number of other institutional investors also recently bought and sold shares of the company. Xponance Inc. boosted its position in ACI Worldwide by 10.2% during the fourth quarter. Xponance Inc. now owns 7,604 shares of the technology company’s stock worth $395,000 after purchasing an additional 702 shares in the last quarter. Intech Investment Management LLC boosted its position in ACI Worldwide by 124.3% during the fourth quarter. Intech Investment Management LLC now owns 54,996 shares of the technology company’s stock worth $2,855,000 after purchasing an additional 30,472 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in ACI Worldwide during the fourth quarter worth $201,000. Cibc World Markets Corp purchased a new stake in ACI Worldwide during the fourth quarter worth $512,000. Finally, Corient Private Wealth LLC boosted its position in ACI Worldwide by 5.0% during the fourth quarter. Corient Private Wealth LLC now owns 5,638 shares of the technology company’s stock worth $293,000 after purchasing an additional 267 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

ACI Worldwide Stock Down 0.1 %

ACIW opened at $53.50 on Friday. The business’s fifty day moving average is $52.93 and its two-hundred day moving average is $52.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 25.36 and a beta of 1.13. ACI Worldwide, Inc. has a one year low of $31.19 and a one year high of $59.71.

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.