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

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACIW shares. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Stephens downgraded 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. Finally, Canaccord Genuity Group raised their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.50.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ACI Worldwide

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of ACI Worldwide by 177.3% during the third 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 last quarter. Fifth Third Bancorp increased its position in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC increased its position in shares of ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the last quarter. CWM LLC increased its position in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,143 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $112,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $54.58 on Tuesday. ACI Worldwide has a 12-month low of $24.76 and a 12-month high of $59.60. The stock has a market cap of $5.72 billion, a P/E ratio of 25.87 and a beta of 1.19. The company has a 50-day moving average price of $51.13 and a 200 day moving average price of $44.46. 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 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.