Hennion & Walsh Asset Management Inc. Decreases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Hennion & Walsh Asset Management Inc. lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oliver Luxxe Assets LLC increased its holdings in shares of ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock worth $1,684,000 after buying an additional 16,418 shares during the period. Algert Global LLC increased its holdings in ACI Worldwide by 811.5% during the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after purchasing an additional 138,447 shares during the period. Sei Investments Co. increased its holdings in ACI Worldwide by 2.8% during the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock valued at $16,942,000 after purchasing an additional 11,638 shares during the period. Verition Fund Management LLC increased its holdings in ACI Worldwide by 86.5% during the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 9,149 shares during the period. Finally, Intech Investment Management LLC purchased a new position in ACI Worldwide during the 3rd quarter valued at about $1,248,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $54.54 on Wednesday. The stock’s 50 day simple moving average is $54.12 and its two-hundred day simple moving average is $50.17. 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 stock has a market cap of $5.72 billion, a price-to-earnings ratio of 25.85 and a beta of 1.21. ACI Worldwide, Inc. has a fifty-two week low of $28.79 and a fifty-two week high of $59.71.

Insider Buying and Selling at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ACIW shares. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a 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 assigned a buy rating to the stock. According to MarketBeat.com, ACI Worldwide currently has a consensus rating of “Hold” and an average target price of $49.50.

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.