Short Interest in ACI Worldwide, Inc. (NASDAQ:ACIW) Increases By 11.9%

ACI Worldwide, Inc. (NASDAQ:ACIW) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,450,000 shares, a growth of 11.9% from the October 31st total of 2,190,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 703,800 shares, the short-interest ratio is presently 3.5 days.

ACI Worldwide Trading Up 0.3 %

ACIW opened at $56.82 on Monday. ACI Worldwide has a one year low of $26.43 and a one 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 has a 50 day simple moving average of $52.58 and a two-hundred day simple moving average of $45.70. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 26.93 and a beta of 1.19.

Insider Transactions 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 stock was 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 filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACIW. Hood River Capital Management LLC increased its position in shares of 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 valued at $95,029,000 after buying an additional 743,595 shares during the period. Assenagon Asset Management S.A. raised its position 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 worth $24,571,000 after acquiring an additional 285,001 shares in the last quarter. Swedbank AB boosted its position in shares of ACI Worldwide by 228.6% during the second 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 in the last quarter. Great Lakes Advisors LLC purchased a new stake in ACI Worldwide in the second quarter worth $7,696,000. Finally, Allspring Global Investments Holdings LLC bought a new position in ACI Worldwide in the second quarter worth $7,353,000. 94.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on ACIW shares. Stephens lowered shares of 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 target price for the company from $57.00 to $60.00 in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.