ACI Worldwide, Inc. (NASDAQ:ACIW) Sees Large Growth in Short Interest

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large growth in short interest in 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. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 703,800 shares, the days-to-cover ratio is currently 3.5 days.

Analysts Set New Price Targets

ACIW has been the topic of a number of research reports. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, ACI Worldwide has an average rating of “Hold” and a consensus target price of $49.50.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $57.14 on Tuesday. The stock has a market cap of $5.99 billion, a P/E ratio of 26.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day moving average is $52.58 and its 200 day moving average is $45.76. ACI Worldwide has a one year low of $26.87 and a one year high of $59.71.

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of ACI Worldwide by 177.3% during the 3rd 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 shares of ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares during the period. CWM LLC lifted its stake in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after buying an additional 1,143 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in ACI Worldwide in the 3rd quarter worth $112,000. Institutional investors own 94.74% of the company’s stock.

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.