ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $49.50 Average Price Target from Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three 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 topic of a number of recent research reports. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the company from $57.00 to $60.00 in a report on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th.

ACI Worldwide Trading Up 1.3 %

ACIW opened at $54.54 on Friday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 25.85 and a beta of 1.21. ACI Worldwide has a 52 week low of $28.79 and a 52 week high of $59.71. The business’s 50 day moving average is $54.12 and its two-hundred day moving average is $50.17. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insiders Place Their Bets

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction dated 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 directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Oliver Luxxe Assets LLC lifted its holdings in ACI Worldwide by 98.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock worth $1,684,000 after buying an additional 16,418 shares during the last quarter. Algert Global LLC lifted its holdings 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 during the last quarter. Sei Investments Co. lifted its holdings in shares of ACI Worldwide by 2.8% in 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 during the last quarter. Verition Fund Management LLC lifted its holdings in shares of ACI Worldwide by 86.5% in the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 9,149 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $1,248,000. Institutional investors own 94.74% of the company’s stock.

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.