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

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

Insider Transactions at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated 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 owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This 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 company insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds have recently made changes to their positions in ACIW. Pacer Advisors Inc. lifted its stake in ACI Worldwide by 3.2% in the 4th quarter. Pacer Advisors Inc. now owns 7,763 shares of the technology company's stock valued at $403,000 after purchasing an additional 238 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after buying an additional 298 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 buying an additional 321 shares in the last quarter. Cetera Trust Company N.A lifted its stake in shares of ACI Worldwide by 7.9% in the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company's stock valued at $243,000 after acquiring an additional 350 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of ACI Worldwide by 0.8% during the 2nd 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 in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ACIW. DA Davidson lowered 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 research note on Friday, November 8th. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $49.50.

ACI Worldwide Price Performance

NASDAQ:ACIW traded down $0.14 during trading hours on Monday, hitting $53.41. The company's stock had a trading volume of 1,035,617 shares, compared to its average volume of 634,116. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $5.60 billion, a P/E ratio of 25.31 and a beta of 1.20. ACI Worldwide has a twelve month low of $28.79 and a twelve month high of $59.71. The stock has a fifty day simple moving average of $53.77 and a 200-day simple moving average of $50.89.

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.