ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,243 shares of the technology company's stock after acquiring an additional 25,116 shares during the period. Jane Street Group LLC owned about 0.20% of ACI Worldwide worth $10,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ACIW. CWM LLC increased its holdings in ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after acquiring an additional 1,143 shares during the last quarter. Swedbank AB lifted its position in shares of ACI Worldwide by 228.6% in the second quarter. Swedbank AB now owns 328,600 shares of the technology company's stock worth $13,009,000 after buying an additional 228,600 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in ACI Worldwide by 815.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 197,739 shares of the technology company's stock worth $7,828,000 after acquiring an additional 176,133 shares during the last quarter. Fifth Third Bancorp increased its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after purchasing an additional 624 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ACI Worldwide by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 949,944 shares of the technology company's stock worth $37,608,000 after buying an additional 56,113 shares during the last quarter. Institutional investors own 94.74% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ACIW shares. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their target price for the stock 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 research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $49.50.

ACI Worldwide Trading Down 0.7 %

Shares of ACIW traded down $0.40 during trading hours on Friday, reaching $54.20. 254,394 shares of the company traded hands, compared to its average volume of 658,021. The stock's fifty day moving average price is $53.54 and its 200 day moving average price is $46.82. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 25.88 and a beta of 1.19. ACI Worldwide, Inc. has a 12-month low of $28.79 and a 12-month high of $59.71.

Insiders Place Their Bets

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the 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 completion of the sale, the director now owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.