Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) Price Target at $49.50

ACI Worldwide, Inc. (NASDAQ:ACIW) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.50.

A number of equities research analysts have weighed in on the stock. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th.

ACI Worldwide Stock Performance

Shares of ACIW stock opened at $52.50 on Friday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.88 and a beta of 1.21. 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 business’s 50-day moving average price is $53.99 and its 200-day moving average price is $50.20. ACI Worldwide has a 12 month low of $28.79 and a 12 month high of $59.71.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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 sale, 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 legal filing with the SEC, which is available through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the 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 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.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of ACI Worldwide by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 175,231 shares of the technology company’s stock valued at $6,937,000 after buying an additional 12,716 shares in the last quarter. Hsbc Holdings PLC lifted its position in ACI Worldwide by 14.2% in the 2nd quarter. Hsbc Holdings PLC now owns 34,960 shares of the technology company’s stock valued at $1,374,000 after acquiring an additional 4,345 shares in the last quarter. Seven Eight Capital LP bought a new position in ACI Worldwide in the 2nd quarter valued at about $373,000. 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 worth $16,942,000 after purchasing an additional 11,638 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in ACI Worldwide during the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.