ACI Worldwide, Inc. (NASDAQ:ACIW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.50.

ACIW has been the subject of several recent analyst reports. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Canaccord Genuity Group upped their target price on 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 lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd.

Insider Buying and Selling at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACIW. Swedbank AB purchased a new stake in ACI Worldwide during the first quarter valued at approximately $3,321,000. Oliver Luxxe Assets LLC lifted its holdings in shares of ACI Worldwide by 98.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 16,418 shares during the last quarter. Algert Global LLC boosted its position in shares of ACI Worldwide by 811.5% in the 2nd quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock worth $6,157,000 after purchasing an additional 138,447 shares in the last quarter. Sei Investments Co. grew its stake 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 buying an additional 11,638 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in ACI Worldwide during the 3rd quarter valued at about $1,248,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 0.3 %

Shares of NASDAQ ACIW opened at $56.82 on Friday. ACI Worldwide has a 1-year low of $26.43 and a 1-year high of $59.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The business’s 50 day moving average is $52.45 and its two-hundred day moving average is $45.50. The stock has a market capitalization of $5.96 billion, a P/E ratio of 26.93 and a beta of 1.19.

ACI Worldwide Company 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.