ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction 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 sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through this link.
ACI Worldwide Stock Down 1.3 %
NASDAQ ACIW traded down $0.71 during trading hours on Friday, hitting $54.29. 441,829 shares of the company traded hands, compared to its average volume of 659,594. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The business's 50-day moving average is $50.86 and its 200-day moving average is $44.04. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 26.07 and a beta of 1.19. ACI Worldwide, Inc. has a twelve month low of $24.76 and a twelve month high of $59.60.
Institutional Investors Weigh In On ACI Worldwide
Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Fifth Third Bancorp grew its position in shares of ACI Worldwide by 123.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC increased its stake in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after purchasing an additional 431 shares during the last quarter. CWM LLC raised its holdings in shares of ACI Worldwide by 638.5% in the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,143 shares during the period. Finally, nVerses Capital LLC acquired a new stake in ACI Worldwide in the 3rd quarter valued at about $112,000. Institutional investors and hedge funds own 94.74% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on ACIW. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. StockNews.com downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and increased their target price for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group boosted 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.50.
Get Our Latest Analysis on ACI Worldwide
ACI Worldwide Company Profile
(
Get Free Report)
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.
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