ACI Worldwide (NASDAQ:ACIW) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.69 and traded as high as $55.33. ACI Worldwide shares last traded at $54.35, with a volume of 619,614 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson lowered ACI Worldwide from a "buy" rating to a "neutral" rating and upped their target price for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Stephens downgraded ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.50.

ACI Worldwide Stock Down 0.3 %

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 company has a 50-day simple moving average of $53.77 and a two-hundred day simple moving average of $50.89. The stock has a market cap of $5.60 billion, a P/E ratio of 25.31 and a beta of 1.20.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the 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 completion of the transaction, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares of the company's stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in shares of ACI Worldwide during the second quarter valued at $880,000. Millennium Management LLC boosted its position in shares of ACI Worldwide by 710.3% during the second quarter. Millennium Management LLC now owns 94,542 shares of the technology company's stock valued at $3,743,000 after buying an additional 82,875 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in ACI Worldwide by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company's stock valued at $2,331,000 after acquiring an additional 469 shares during the period. Creative Planning lifted its holdings in ACI Worldwide by 24.2% in the second quarter. Creative Planning now owns 26,006 shares of the technology company's stock valued at $1,030,000 after acquiring an additional 5,067 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in ACI Worldwide by 15.5% in the third quarter. Handelsbanken Fonder AB now owns 24,634 shares of the technology company's stock valued at $1,254,000 after acquiring an additional 3,300 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

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.