Hennion & Walsh Asset Management Inc. Sells 195 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Hennion & Walsh Asset Management Inc. reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,332 shares of the technology company’s stock after selling 195 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in ACI Worldwide were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ACIW. Assenagon Asset Management S.A. boosted its holdings in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock worth $24,571,000 after acquiring an additional 285,001 shares during the period. Barclays PLC boosted its holdings in shares of ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after acquiring an additional 160,425 shares during the period. Algert Global LLC boosted its holdings in shares of ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after acquiring an additional 138,447 shares during the period. AXA S.A. bought a new position in shares of ACI Worldwide in the second quarter worth $5,336,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of ACI Worldwide by 32.7% in the third quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company’s stock worth $23,565,000 after acquiring an additional 114,085 shares during the period. 94.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACIW has been the subject of several research analyst reports. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Hold” and a consensus target price of $49.50.

ACI Worldwide Price Performance

NASDAQ:ACIW opened at $54.54 on Wednesday. The stock has a fifty day moving average of $54.12 and a 200 day moving average of $50.17. ACI Worldwide, Inc. has a 52-week low of $28.79 and a 52-week high of $59.71. 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 firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 25.85 and a beta of 1.21.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.