ACI Worldwide, Inc. (NASDAQ:ACIW) Sees Large Drop in Short Interest

ACI Worldwide, Inc. (NASDAQ:ACIW) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 2,010,000 shares, a drop of 11.8% from the December 15th total of 2,280,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 682,500 shares, the short-interest ratio is currently 2.9 days.

Insider Transactions at ACI Worldwide

In other news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction dated 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 transaction, the director now owns 43,272 shares in the company, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On ACI Worldwide

Several hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $108,000 after acquiring an additional 810 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $112,000. USA Financial Formulas bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $114,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of ACI Worldwide in the 3rd quarter worth approximately $118,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Trading Down 0.9 %

Shares of ACI Worldwide stock opened at $53.84 on Friday. ACI Worldwide has a 1 year low of $28.79 and a 1 year high of $59.71. The firm has a market cap of $5.65 billion, a PE ratio of 25.52 and a beta of 1.21. 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 50 day simple moving average of $54.20 and a two-hundred day simple moving average of $49.88.

Analyst Upgrades and Downgrades

ACIW has been the subject of several recent analyst reports. Stephens cut shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $57.00 to $60.00 in a research note 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. Based on data from MarketBeat, ACI Worldwide has an average rating of “Hold” and a consensus price target of $49.50.

About ACI Worldwide

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.