ACI Worldwide (NASDAQ:ACIW) Cut to “Hold” at StockNews.com

StockNews.com cut shares of ACI Worldwide (NASDAQ:ACIW) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group lifted their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a buy rating in a report on Friday. DA Davidson lifted their price target on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a buy rating in a report on Wednesday, May 1st. Needham & Company LLC reiterated a hold rating on shares of ACI Worldwide in a research report on Friday. Finally, Craig Hallum lifted their target price on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $45.00.

ACI Worldwide Trading Down 2.9 %

Shares of ACI Worldwide stock opened at $43.55 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of 32.50 and a beta of 1.20. The company has a current ratio of 1.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $38.85 and its 200 day moving average is $34.74. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $48.80.

Insider Buying and Selling

In other news, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Hale III sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of 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 owned by corporate insiders.

Institutional Trading of ACI Worldwide

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of ACI Worldwide by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company’s stock valued at $445,044,000 after acquiring an additional 196,099 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ACI Worldwide by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock valued at $129,134,000 after acquiring an additional 57,538 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of ACI Worldwide by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 2,287,849 shares of the technology company’s stock valued at $90,576,000 after acquiring an additional 18,229 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in shares of ACI Worldwide by 9.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,112,828 shares of the technology company’s stock valued at $70,167,000 after acquiring an additional 180,600 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of ACI Worldwide by 9.7% in the 1st quarter. Hood River Capital Management LLC now owns 1,656,745 shares of the technology company’s stock valued at $55,021,000 after acquiring an additional 147,049 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

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.