ACI Worldwide (NASDAQ:ACIW) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

ACI Worldwide, Inc. (NASDAQ:ACIW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.69 and traded as high as $55.33. ACI Worldwide shares last traded at $54.35, with a volume of 619,614 shares changing hands.

Wall Street Analysts Forecast Growth

ACIW has been the topic of a number of recent analyst reports. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $60.00 in a 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.50.

ACI Worldwide Stock Up 1.2 %

The stock has a market cap of $5.70 billion, a PE ratio of 25.76 and a beta of 1.21. The firm has a fifty day moving average of $53.87 and a 200 day moving average of $50.69. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s 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 transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACI Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in shares of ACI Worldwide by 3.2% during the fourth quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company’s stock worth $403,000 after buying an additional 238 shares during the last quarter. Blue Trust Inc. lifted its position in 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 lifted its position in 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 lifted its position in 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 lifted its position in 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 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.