ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio T. Sanchez Sells 1,200 Shares

ACI Worldwide, Inc. (NASDAQ:ACIW) 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 value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ACI Worldwide Trading Down 1.3 %

NASDAQ ACIW traded down $0.71 on Friday, hitting $54.29. The company’s stock had a trading volume of 441,829 shares, compared to its average volume of 659,594. The firm has a market cap of $5.69 billion, a PE ratio of 26.07 and a beta of 1.19. The company’s 50-day moving average is $50.86 and its 200 day moving average is $44.04. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 1-year low of $24.76 and a 1-year high of $59.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ACIW. Farther Finance Advisors LLC increased its stake in shares of ACI Worldwide by 177.3% in the third 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. 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 worth $45,000 after buying an additional 624 shares during the period. GAMMA Investing LLC raised its stake in ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after buying an additional 431 shares during the last quarter. CWM LLC lifted its holdings 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 buying an additional 1,143 shares during the period. Finally, nVerses Capital LLC bought a new stake in ACI Worldwide during the third quarter valued at $112,000. 94.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ACIW shares. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. StockNews.com lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Canaccord Genuity Group raised their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

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.