Janus Henderson Group PLC Sells 5,200 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Janus Henderson Group PLC cut its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 10.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,993 shares of the technology company’s stock after selling 5,200 shares during the quarter. Janus Henderson Group PLC’s holdings in ACI Worldwide were worth $2,342,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Hood River Capital Management LLC grew its position in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock valued at $95,029,000 after acquiring an additional 743,595 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of ACI Worldwide by 144.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 285,001 shares in the last quarter. Swedbank AB boosted its holdings in shares of ACI Worldwide by 228.6% in the 2nd quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock valued at $13,009,000 after purchasing an additional 228,600 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter valued at $7,696,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in ACI Worldwide in the second quarter valued at approximately $7,353,000. Institutional investors own 94.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ACIW shares. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.50.

ACI Worldwide Trading Down 2.2 %

NASDAQ:ACIW opened at $54.60 on Friday. ACI Worldwide, Inc. has a one year low of $28.11 and a one year high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $5.73 billion, a PE ratio of 25.88 and a beta of 1.19. The firm has a 50-day moving average of $53.54 and a 200-day moving average of $46.82.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the transaction, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents 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.