ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Rating of “Moderate Buy” by Analysts

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.50.

A number of brokerages recently weighed in on ACIW. Stephens downgraded 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 lifted their price target for the stock from $57.00 to $60.00 in a research note on Friday, November 8th.

ACI Worldwide Trading Down 0.9 %

Shares of ACIW opened at $53.84 on Friday. The firm’s 50 day simple moving average is $54.20 and its 200 day simple moving average is $49.88. The company has a market capitalization of $5.65 billion, a P/E 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. ACI Worldwide has a 1-year low of $28.79 and a 1-year high of $59.71.

Insiders Place Their Bets

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of ACI Worldwide

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted 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 valued at $26,000 after acquiring an additional 321 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock valued at $108,000 after acquiring an additional 810 shares in the last quarter. nVerses Capital LLC bought a new stake in ACI Worldwide in the third quarter valued at $112,000. USA Financial Formulas bought a new stake in ACI Worldwide in the third quarter valued at $114,000. Finally, Capital Performance Advisors LLP bought a new stake in ACI Worldwide in the third quarter valued at $118,000. Institutional investors own 94.74% of the company’s stock.

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.