ACI Worldwide, Inc. (NASDAQ:ACIW) Short Interest Update

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,010,000 shares, a decline of 11.8% from the December 15th total of 2,280,000 shares. Based on an average daily volume of 682,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.9% of the shares of the stock are sold short.

ACI Worldwide Stock Up 1.6 %

ACI Worldwide stock opened at $54.34 on Friday. ACI Worldwide has a fifty-two week low of $28.79 and a fifty-two 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 50 day moving average price of $54.39 and a 200 day moving average price of $49.67. The company has a market capitalization of $5.70 billion, a PE ratio of 25.75 and a beta of 1.21.

Insiders Place Their Bets

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction 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 represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the period. Cetera Trust Company N.A increased its position in shares of ACI Worldwide by 7.9% during the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock worth $243,000 after acquiring an additional 350 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock valued at $2,331,000 after acquiring an additional 469 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after purchasing an additional 508 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in ACI Worldwide by 2.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,694 shares of the technology company’s stock worth $1,664,000 after purchasing an additional 704 shares in the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACI Worldwide has an average rating of “Hold” and a consensus 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.