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

ACI Worldwide, Inc. (NASDAQ:ACIW) was the target of 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 shares of the stock are short sold. Based on an average daily trading volume, of 681,600 shares, the short-interest ratio is presently 3.2 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 shares were 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 of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACIW. Janney Montgomery Scott LLC grew its holdings in ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after acquiring an additional 3,307 shares during the period. ProShare Advisors LLC increased its holdings in ACI Worldwide by 7.4% in the first quarter. ProShare Advisors LLC now owns 21,881 shares of the technology company’s stock valued at $727,000 after purchasing an additional 1,505 shares during the last quarter. Vanguard Group Inc. increased its holdings in ACI Worldwide by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after purchasing an additional 196,099 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in ACI Worldwide by 23.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,994 shares of the technology company’s stock valued at $299,000 after buying an additional 1,709 shares during the period. Finally, UniSuper Management Pty Ltd bought a new position in ACI Worldwide during the first quarter worth about $765,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group raised their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.50.

ACI Worldwide Trading Down 0.2 %

Shares of ACIW opened at $54.45 on Wednesday. The stock’s fifty day simple moving average is $51.28 and its 200-day simple moving average is $44.60. The firm has a market capitalization of $5.71 billion, a PE ratio of 25.81 and a beta of 1.19. ACI Worldwide has a 12-month low of $24.76 and a 12-month high of $59.60. 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 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.