Insider Selling: ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells 1,200 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio T. Sanchez sold 1,200 shares of the firm’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 transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

ACI Worldwide Stock Performance

ACIW stock opened at $54.29 on Friday. ACI Worldwide, Inc. has a one year low of $24.76 and a one year high of $59.60. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 25.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $44.26.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of ACI Worldwide by 40.2% during the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after purchasing an additional 3,307 shares in the last quarter. Swiss National Bank grew its stake in ACI Worldwide by 0.3% during the 1st quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock worth $7,127,000 after buying an additional 600 shares during the last quarter. ProShare Advisors LLC increased its position in ACI Worldwide by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 21,881 shares of the technology company’s stock valued at $727,000 after buying an additional 1,505 shares in the last quarter. Vanguard Group Inc. raised its stake in ACI Worldwide by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after buying an additional 196,099 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in ACI Worldwide by 8.6% in the first quarter. Hillsdale Investment Management Inc. now owns 153,390 shares of the technology company’s stock worth $5,094,000 after acquiring an additional 12,190 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Canaccord Genuity Group raised their target price on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Finally, Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide currently 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.