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

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,190,000 shares, a drop of 7.2% from the October 15th total of 2,360,000 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 681,600 shares, the short-interest ratio is presently 3.2 days.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On ACI Worldwide

Several hedge funds have recently modified their holdings of the stock. Hood River Capital Management LLC raised its position in ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after acquiring an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. raised 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 during the period. Swedbank AB lifted its stake in 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 during the last quarter. Vanguard Group Inc. lifted its stake in ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in ACI Worldwide during the second quarter worth about $7,696,000. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Down 0.2 %

Shares of ACIW stock opened at $54.45 on Wednesday. The firm’s fifty day moving average price is $51.28 and its two-hundred day moving average price is $44.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide has a 1 year low of $24.76 and a 1 year high of $59.60. The firm has a market capitalization of $5.71 billion, a P/E ratio of 25.81 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACIW shares. Canaccord Genuity Group lifted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.