ACI Worldwide, Inc. (NASDAQ:ACIW) Sees Significant Decline in Short Interest

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,190,000 shares, a decrease of 7.2% from the October 15th total of 2,360,000 shares. Approximately 2.1% of the company's stock are sold short. Based on an average daily trading volume, of 681,600 shares, the days-to-cover ratio is currently 3.2 days.

ACI Worldwide Stock Performance

NASDAQ:ACIW traded up $0.29 during mid-day trading on Monday, hitting $54.58. The stock had a trading volume of 434,040 shares, compared to its average volume of 658,583. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 25.73 and a beta of 1.19. The company has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $44.33. ACI Worldwide has a 52 week low of $24.76 and a 52 week high of $59.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were 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 in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACI Worldwide

Several large investors have recently bought and sold shares of the stock. 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 purchasing an additional 321 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of ACI Worldwide by 7.9% during the third quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock worth $243,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ACI Worldwide by 49.3% during the second 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 period. The Manufacturers Life Insurance Company boosted its holdings in shares of ACI Worldwide by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock worth $2,331,000 after purchasing an additional 469 shares during the period. Finally, EntryPoint Capital LLC boosted its holdings in shares of ACI Worldwide by 7.3% during the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company's stock worth $234,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

Analyst Upgrades and Downgrades

ACIW has been the topic of several research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group lifted their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock 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. Stephens lowered shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Finally, DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $49.50.

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.