ACI Worldwide, Inc. (NASDAQ:ACIW) Short Interest Update

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 2,010,000 shares, a decline of 11.8% from the December 15th total of 2,280,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 682,500 shares, the short-interest ratio is currently 2.9 days.

ACI Worldwide Trading Down 1.0 %

ACIW traded down $0.53 on Friday, hitting $53.81. The company had a trading volume of 448,378 shares, compared to its average volume of 599,926. The company's fifty day moving average price is $54.29 and its 200 day moving average price is $49.70. ACI Worldwide has a 1 year low of $28.79 and a 1 year high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.64 billion, a P/E ratio of 25.50 and a beta of 1.21.

Insider Transactions at ACI Worldwide

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the sale, the chief technology officer now owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of ACI Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of ACI Worldwide by 56.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,218 shares of the technology company's stock valued at $946,000 after buying an additional 6,602 shares in the last quarter. SG Americas Securities LLC grew its position in ACI Worldwide by 30.7% in the 4th quarter. SG Americas Securities LLC now owns 10,140 shares of the technology company's stock valued at $526,000 after acquiring an additional 2,381 shares in the last quarter. Ritholtz Wealth Management increased its stake in ACI Worldwide by 48.8% during the fourth quarter. Ritholtz Wealth Management now owns 53,797 shares of the technology company's stock worth $2,793,000 after purchasing an additional 17,636 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of ACI Worldwide by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 136,099 shares of the technology company's stock worth $7,065,000 after purchasing an additional 2,418 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its position in shares of ACI Worldwide by 4.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the technology company's stock worth $1,789,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on ACIW shares. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens downgraded shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $49.50.

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.