Short Interest in ACI Worldwide, Inc. (NASDAQ:ACIW) Drops By 11.8%

ACI Worldwide, Inc. (NASDAQ:ACIWGet Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 2,010,000 shares, a drop of 11.8% from the December 31st total of 2,280,000 shares. Based on an average daily trading volume, of 682,500 shares, the short-interest ratio is currently 2.9 days. Currently, 1.9% of the shares of the stock are sold short.

Insider Activity

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction 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 transaction, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in ACI Worldwide by 3.2% in the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock valued at $403,000 after buying an additional 238 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ACI Worldwide by 104.9% in the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 298 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares during the period. Cetera Trust Company N.A increased its holdings in shares of ACI Worldwide by 7.9% in the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after purchasing an additional 350 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 469 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $54.35 on Friday. 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 twelve month low of $28.79 and a twelve month high of $59.71. The stock has a 50 day moving average of $53.87 and a two-hundred day moving average of $50.69. The stock has a market cap of $5.70 billion, a P/E ratio of 25.76 and a beta of 1.21.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of recent analyst reports. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.50.

View Our Latest Report on ACI Worldwide

ACI Worldwide Company Profile

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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.

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