Analysts Set ACI Worldwide, Inc. (NASDAQ:ACIW) PT at $49.50

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $49.50.

Several research analysts have commented on ACIW shares. Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Needham & Company LLC reissued a "hold" rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Canaccord Genuity Group increased their price objective 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 cut shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Finally, DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and raised their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th.

ACI Worldwide Trading Up 0.3 %

Shares of ACIW stock traded up $0.16 during mid-day trading on Friday, reaching $56.82. The company's stock had a trading volume of 317,863 shares, compared to its average volume of 657,463. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.96 billion, a PE ratio of 26.93 and a beta of 1.19. The company's 50 day simple moving average is $52.58 and its 200-day simple moving average is $45.64. ACI Worldwide has a 12-month low of $26.43 and a 12-month high of $59.71.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swedbank AB bought a new stake in ACI Worldwide in the first quarter valued at about $3,321,000. Oliver Luxxe Assets LLC grew its position in shares of ACI Worldwide by 98.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company's stock worth $1,684,000 after acquiring an additional 16,418 shares in the last quarter. Algert Global LLC increased 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 valued at $6,157,000 after acquiring an additional 138,447 shares during the last quarter. Sei Investments Co. raised its position in shares of ACI Worldwide by 2.8% during the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company's stock valued at $16,942,000 after acquiring an additional 11,638 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in ACI Worldwide during the third quarter worth $1,248,000. Institutional investors own 94.74% of the company's stock.

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.