ACI Worldwide (NASDAQ:ACIW) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of ACI Worldwide, Inc. (NASDAQ:ACIWGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.69 and traded as high as $55.33. ACI Worldwide shares last traded at $54.35, with a volume of 619,614 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on ACIW

ACI Worldwide Stock Performance

The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $53.87 and its two-hundred day moving average price is $50.69. The firm has a market capitalization of $5.70 billion, a PE ratio of 25.76 and a beta of 1.21.

Insider Transactions at ACI Worldwide

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction that occurred on 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 sale, the director now directly owns 43,272 shares of the company’s stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of ACI Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of ACIW. Farther Finance Advisors LLC grew its stake 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 valued at $26,000 after buying an additional 321 shares during the period. Blue Trust Inc. increased its holdings in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after buying an additional 298 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ACI Worldwide by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after buying an additional 810 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of ACI Worldwide during the 3rd quarter worth $112,000. Finally, USA Financial Formulas acquired a new stake in shares of ACI Worldwide during the 3rd quarter worth $114,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

About ACI Worldwide

(Get Free Report)

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.

Further Reading

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