Hennion & Walsh Asset Management Inc. Has $1.39 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hennion & Walsh Asset Management Inc. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,699 shares of the technology company’s stock after selling 7,212 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ACI Worldwide were worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NBC Securities Inc. increased its stake in shares of ACI Worldwide by 1.8% in the fourth quarter. NBC Securities Inc. now owns 23,912 shares of the technology company’s stock valued at $731,000 after buying an additional 412 shares in the last quarter. SkyView Investment Advisors LLC increased its position in ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after purchasing an additional 444 shares during the period. Allianz Asset Management GmbH increased its position in ACI Worldwide by 0.7% in the fourth quarter. Allianz Asset Management GmbH now owns 168,622 shares of the technology company’s stock worth $5,160,000 after purchasing an additional 1,208 shares during the period. Glenmede Trust Co. NA increased its position in ACI Worldwide by 4.1% in the third quarter. Glenmede Trust Co. NA now owns 31,092 shares of the technology company’s stock worth $701,000 after purchasing an additional 1,216 shares during the period. Finally, Fiera Capital Corp increased its position in ACI Worldwide by 0.3% in the fourth quarter. Fiera Capital Corp now owns 914,834 shares of the technology company’s stock worth $27,994,000 after purchasing an additional 2,294 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on ACI Worldwide in a research report on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective for the company. StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a research report on Wednesday, May 1st. Canaccord Genuity Group restated a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. Finally, DA Davidson boosted their target price on ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACI Worldwide Trading Up 2.8 %

NASDAQ:ACIW opened at $39.59 on Monday. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $39.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $4.17 billion, a PE ratio of 29.54 and a beta of 1.20. The business’s 50-day simple moving average is $35.63 and its 200-day simple moving average is $32.65.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The business had revenue of $316.02 million for the quarter, compared to analysts’ expectations of $305.25 million. Sell-side analysts expect that ACI Worldwide, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the transaction, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the sale, the director now owns 79,912 shares in the company, valued at approximately $2,935,966.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the sale, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.