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

ACI Worldwide, Inc. (NASDAQ:ACIW) was the target of a significant 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. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 703,800 shares, the days-to-cover ratio is presently 3.5 days.

ACI Worldwide Price Performance

Shares of ACIW opened at $56.52 on Wednesday. ACI Worldwide has a 1 year low of $26.87 and a 1 year high of $59.71. 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 company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 26.61 and a beta of 1.19. The business has a 50-day moving average of $52.71 and a 200-day moving average of $45.91.

Analyst Ratings Changes

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

Insider Activity at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in ACI Worldwide by 177.3% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Fifth Third Bancorp grew its stake in ACI Worldwide by 123.3% in 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 period. CWM LLC grew its stake in ACI Worldwide by 638.5% in 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 period. GAMMA Investing LLC grew its stake in ACI Worldwide by 49.3% in 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 period. Finally, nVerses Capital LLC acquired a new stake in ACI Worldwide in the third quarter valued at approximately $112,000. 94.74% of the stock is currently owned by institutional investors.

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.