StockNews.com cut shares of ACI Worldwide (NASDAQ:ACIW – Free Report) from a buy rating to a hold rating in a report published on Saturday.
Other analysts also recently issued reports about the company. Canaccord Genuity Group increased their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a buy rating in a research note on Friday. Craig Hallum increased their target price on ACI Worldwide from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, May 1st. DA Davidson increased their target price on ACI Worldwide from $36.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC restated a hold rating on shares of ACI Worldwide in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of Moderate Buy and a consensus target price of $45.00.
Check Out Our Latest Report on ACIW
ACI Worldwide Stock Down 1.9 %
Insider Buying and Selling
In related news, Director James C. Hale III sold 10,000 shares of the firm’s 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 directly owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director James C. Hale III sold 10,000 shares of the firm’s 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 directly owns 69,912 shares of the company’s stock, valued at approximately $2,483,274.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James C. Hale III sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now directly owns 79,912 shares in the company, valued at $2,935,966.88. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Institutional Investors Weigh In On ACI Worldwide
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in shares of ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC grew its position in shares of ACI Worldwide by 638.5% during the second quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of ACI Worldwide during the second quarter valued at about $154,000. Finally, Strs Ohio grew its position in shares of ACI Worldwide by 205.9% during the fourth quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock valued at $159,000 after purchasing an additional 3,500 shares in the last quarter. 94.74% of the stock is owned by institutional investors.
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.
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