Insider Selling: ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells $68,736.00 in Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio T. Sanchez sold 1,200 shares of the 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 of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ACI Worldwide Trading Down 1.3 %

Shares of NASDAQ ACIW opened at $54.29 on Monday. ACI Worldwide, Inc. has a 1 year low of $24.76 and a 1 year high of $59.60. 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 firm has a 50-day moving average of $50.99 and a 200 day moving average of $44.33. The stock has a market cap of $5.69 billion, a P/E ratio of 25.73 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACIW. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Canaccord Genuity Group boosted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $49.50.

Hedge Funds Weigh In On ACI Worldwide

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after buying an additional 321 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC increased its holdings in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of ACI Worldwide in the 3rd quarter worth about $112,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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.