Short Interest in ACI Worldwide, Inc. (NASDAQ:ACIW) Declines By 7.2%

ACI Worldwide, Inc. (NASDAQ:ACIW) was the recipient of a large decrease in short interest in the month of 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. Based on an average daily volume of 681,600 shares, the short-interest ratio is presently 3.2 days. Currently, 2.1% of the company’s stock are sold short.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of the company’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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of ACI Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $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 acquiring an additional 624 shares during the period. GAMMA Investing LLC increased 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 worth $52,000 after acquiring an additional 431 shares during the period. CWM LLC increased its stake in shares of ACI Worldwide by 638.5% in the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of ACI Worldwide in the third quarter worth $112,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analysts Set New Price Targets

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

ACI Worldwide Trading Up 0.5 %

Shares of ACI Worldwide stock opened at $54.58 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide has a 12-month low of $24.76 and a 12-month high of $59.60. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 25.87 and a beta of 1.19. The firm’s 50 day simple moving average is $51.13 and its two-hundred day simple moving average is $44.46.

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.