ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,450,000 shares, a growth of 11.9% from the October 31st total of 2,190,000 shares. Based on an average trading volume of 703,800 shares, the short-interest ratio is currently 3.5 days. Approximately 2.4% of the company's shares are sold short.
ACI Worldwide Stock Up 0.6 %
ACIW traded up $0.32 during midday trading on Monday, hitting $57.14. The company had a trading volume of 759,694 shares, compared to its average volume of 658,030. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 26.93 and a beta of 1.19. The stock's 50 day moving average price is $52.58 and its 200 day moving average price is $45.76. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide has a 52 week low of $26.87 and a 52 week high of $59.71.
Insider Activity
In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction dated 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 sale, the director now owns 43,272 shares of the company's stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.
Institutional Trading of ACI Worldwide
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after acquiring an additional 321 shares during the period. Fifth Third Bancorp increased its stake in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock valued at $45,000 after purchasing an additional 624 shares in the last quarter. CWM LLC raised its holdings in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after buying an additional 1,143 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ACI Worldwide by 49.3% in the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock valued at $52,000 after buying an additional 431 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the third quarter valued at about $112,000. 94.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
ACIW has been the subject of several analyst reports. DA Davidson lowered shares of ACI Worldwide from a "buy" rating to a "neutral" rating and raised 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ACI Worldwide currently has an average rating of "Hold" and a consensus price target of $49.50.
View Our Latest Research Report on ACI Worldwide
About ACI Worldwide
(
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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.
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