ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Rating of “Moderate Buy” by Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.50.

Several equities research analysts have recently weighed in on ACIW shares. DA Davidson downgraded shares of 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.

Insider Buying and Selling at ACI Worldwide

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated 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 transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the business’s 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 sale, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oliver Luxxe Assets LLC increased its stake in ACI Worldwide by 98.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 16,418 shares in the last quarter. Algert Global LLC increased its position in shares of ACI Worldwide by 811.5% in the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after buying an additional 138,447 shares in the last quarter. Sei Investments Co. boosted its position in shares of ACI Worldwide by 2.8% in the 2nd quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock worth $16,942,000 after buying an additional 11,638 shares in the last quarter. Verition Fund Management LLC grew its stake in ACI Worldwide by 86.5% in the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 9,149 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in ACI Worldwide during the 3rd quarter valued at about $1,248,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Stock Up 1.5 %

ACIW stock opened at $52.89 on Wednesday. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 25.07 and a beta of 1.19. The company has a fifty day moving average price of $53.75 and a 200 day moving average price of $48.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide has a 12 month low of $28.79 and a 12 month high of $59.71.

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.