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 business’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 sale, the director now owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This 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 through the SEC website.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $54.29 on Friday. ACI Worldwide, Inc. has a 52 week low of $24.76 and a 52 week high of $59.60. 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 stock has a market cap of $5.69 billion, a P/E ratio of 25.73 and a beta of 1.19. The stock has a 50 day moving average of $50.99 and a 200-day moving average of $44.19.

Institutional Trading of ACI Worldwide

Several institutional investors have recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC raised its position in shares of ACI Worldwide by 177.3% during the 3rd 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. Fifth Third Bancorp lifted its position in shares of ACI Worldwide by 123.3% in the 2nd 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 last quarter. GAMMA Investing LLC grew its position in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after buying an additional 431 shares during the last quarter. CWM LLC raised its stake in ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,143 shares during the period. Finally, nVerses Capital LLC bought a new position in ACI Worldwide in the third quarter worth about $112,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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