Short Interest in ACI Worldwide, Inc. (NASDAQ:ACIW) Declines By 11.8%

ACI Worldwide, Inc. (NASDAQ:ACIW) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,010,000 shares, a decline of 11.8% from the December 15th total of 2,280,000 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 682,500 shares, the short-interest ratio is presently 2.9 days.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the business’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 value of $300,834.00. Following the transaction, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $68,736.00. Following the completion of the transaction, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Trading of ACI Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of ACIW. Choreo LLC purchased a new stake in ACI Worldwide during the 2nd quarter valued at $223,000. Oppenheimer Asset Management Inc. grew its position in ACI Worldwide by 23.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,933 shares of the technology company’s stock valued at $750,000 after acquiring an additional 3,587 shares during the last quarter. Envestnet Asset Management Inc. grew its position in ACI Worldwide by 7.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 175,231 shares of the technology company’s stock valued at $6,937,000 after acquiring an additional 12,716 shares during the last quarter. Hsbc Holdings PLC grew its position in ACI Worldwide by 14.2% in the 2nd quarter. Hsbc Holdings PLC now owns 34,960 shares of the technology company’s stock valued at $1,374,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in ACI Worldwide in the 2nd quarter valued at $373,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $53.84 on Friday. The stock’s fifty day moving average is $54.20 and its 200 day moving average is $49.81. ACI Worldwide has a fifty-two week low of $28.79 and a fifty-two week high of $59.71. The firm has a market capitalization of $5.65 billion, a PE ratio of 25.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Analysts Set New Price Targets

ACIW has been the topic of several recent research reports. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.50.

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.