ACI Worldwide, Inc. (NASDAQ:ACIW) Receives $49.50 Average PT from Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.50.

A number of research analysts have commented on ACIW shares. DA Davidson cut 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. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th.

ACI Worldwide Stock Down 1.9 %

ACIW opened at $51.90 on Wednesday. The company has a market capitalization of $5.44 billion, a P/E ratio of 24.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s fifty day moving average price is $53.80 and its two-hundred day moving average price is $48.19. ACI Worldwide has a fifty-two week low of $28.79 and a fifty-two week high of $59.71.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On ACI Worldwide

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position 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 worth $26,000 after buying an additional 321 shares during the period. Fifth Third Bancorp boosted 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 worth $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ACI Worldwide by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after buying an additional 810 shares during the period. nVerses Capital LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter valued at $112,000. Finally, USA Financial Formulas bought a new position in ACI Worldwide during the third quarter worth about $114,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

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.