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

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,190,000 shares, a decline of 7.2% from the October 15th total of 2,360,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 681,600 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

A number of equities analysts recently commented on ACIW shares. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $57.00 to $60.00 in a research note on Friday, November 8th. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Canaccord Genuity Group increased their price objective 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. Four 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 currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $54.29 on Monday. The stock’s 50 day moving average is $50.99 and its 200 day moving average is $44.33. 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 one year low of $24.76 and a one year high of $59.60. The firm has a market cap of $5.69 billion, a P/E ratio of 25.73 and a beta of 1.19.

Insider Transactions at ACI Worldwide

In related 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 transaction of $68,736.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after acquiring an additional 31,561 shares in the last quarter. Vestcor Inc increased its holdings in ACI Worldwide by 81.8% in the third quarter. Vestcor Inc now owns 16,795 shares of the technology company’s stock worth $855,000 after purchasing an additional 7,555 shares in the last quarter. Barclays PLC lifted its stake in ACI Worldwide by 244.0% in the third quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock valued at $11,513,000 after buying an additional 160,425 shares during the period. XTX Topco Ltd bought a new position in ACI Worldwide during the third quarter worth $304,000. Finally, Jane Street Group LLC grew its holdings in ACI Worldwide by 13.3% in the third quarter. Jane Street Group LLC now owns 214,243 shares of the technology company’s stock worth $10,905,000 after purchasing an additional 25,116 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.