ACI Worldwide, Inc. (NASDAQ:ACIW) Short Interest Up 11.9% in November

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large growth in short interest during the month of 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. Based on an average daily trading volume, of 703,800 shares, the short-interest ratio is presently 3.5 days. Currently, 2.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ACIW shares. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Insider Buying and Selling

In related news, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACI Worldwide

Institutional investors and hedge funds have recently modified their holdings of the company. Peapack Gladstone Financial Corp bought a new position in ACI Worldwide in the third quarter valued at about $220,000. Cim Investment Management Inc. purchased a new stake in shares of ACI Worldwide during the 3rd quarter valued at about $206,000. Hohimer Wealth Management LLC bought a new position in shares of ACI Worldwide in the 3rd quarter worth approximately $229,000. Geode Capital Management LLC boosted its holdings in shares of ACI Worldwide by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after buying an additional 31,561 shares during the last quarter. Finally, Vestcor Inc grew its position in ACI Worldwide by 81.8% during the third quarter. Vestcor Inc now owns 16,795 shares of the technology company’s stock valued at $855,000 after buying an additional 7,555 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Trading Up 0.3 %

Shares of ACIW stock opened at $56.82 on Monday. 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 $26.43 and a 12-month high of $59.71. The stock has a market capitalization of $5.96 billion, a P/E ratio of 26.93 and a beta of 1.19. The firm’s 50 day moving average is $52.58 and its 200 day moving average is $45.70.

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.