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

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 2,400,000 shares, a decline of 9.8% from the May 15th total of 2,660,000 shares. Based on an average daily volume of 543,200 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ACIW has been the topic of several research analyst reports. Craig Hallum boosted their price objective on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of ACI Worldwide in a report on Wednesday, May 1st. Finally, DA Davidson boosted their price target on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, ACI Worldwide has an average rating of “Moderate Buy” and an average target price of $40.00.

ACI Worldwide Stock Performance

Shares of ACI Worldwide stock opened at $36.27 on Tuesday. ACI Worldwide has a one year low of $19.56 and a one year high of $37.85. The company has a market cap of $3.82 billion, a PE ratio of 27.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50-day simple moving average of $34.69 and a 200-day simple moving average of $32.04.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $316.02 million during the quarter, compared to the consensus estimate of $305.25 million. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. On average, equities research analysts forecast that ACI Worldwide will post 1.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of ACI Worldwide stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total transaction of $183,700.00. Following the sale, the director now owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director James C. Hale III sold 5,000 shares of ACI Worldwide stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total transaction of $183,700.00. Following the transaction, the director now owns 79,912 shares in the company, valued at approximately $2,935,966.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Hale III sold 10,000 shares of ACI Worldwide stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the transaction, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACI Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its holdings in shares of ACI Worldwide by 4.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 167,265 shares of the technology company’s stock valued at $5,420,000 after acquiring an additional 6,609 shares during the period. Swedbank AB acquired a new stake in shares of ACI Worldwide in the first quarter valued at approximately $3,321,000. LRI Investments LLC acquired a new stake in shares of ACI Worldwide in the first quarter valued at approximately $227,000. Aristides Capital LLC purchased a new stake in shares of ACI Worldwide during the first quarter worth approximately $312,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of ACI Worldwide by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 673,142 shares of the technology company’s stock worth $22,356,000 after purchasing an additional 3,983 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

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.