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

ACI Worldwide, Inc. (NASDAQ:ACIW) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 2,450,000 shares, an increase of 11.9% from the October 31st total of 2,190,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 703,800 shares, the short-interest ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

ACIW has been the subject of several recent research reports. Stephens lowered shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson downgraded shares of 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 report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Hold” and an average target price of $49.50.

ACI Worldwide Price Performance

NASDAQ ACIW opened at $56.52 on Wednesday. The stock’s 50-day moving average price is $52.71 and its two-hundred day moving average price is $45.91. 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 company has a market cap of $5.93 billion, a PE ratio of 26.61 and a beta of 1.19. ACI Worldwide has a 1 year low of $26.87 and a 1 year high of $59.71.

Insider Transactions at ACI Worldwide

In related news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide 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. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On ACI Worldwide

A number of large investors have recently made changes to their positions in ACIW. Hood River Capital Management LLC increased its holdings in ACI Worldwide by 44.9% in the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after buying an additional 743,595 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock worth $24,571,000 after purchasing an additional 285,001 shares during the period. Swedbank AB boosted its stake in ACI Worldwide by 228.6% during the second quarter. Swedbank AB now owns 328,600 shares of the technology company’s stock worth $13,009,000 after buying an additional 228,600 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in ACI Worldwide during the second quarter worth $7,696,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in ACI Worldwide during the second quarter worth $7,353,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.