ACI Worldwide (NASDAQ:ACIW) Stock Crosses Above 200 Day Moving Average – Should You Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.69 and traded as high as $55.33. ACI Worldwide shares last traded at $54.35, with a volume of 619,614 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ACIW shares. Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the company from $57.00 to $60.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, ACI Worldwide presently has an average rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Down 1.5 %

The company has a market cap of $5.62 billion, a PE ratio of 25.38 and a beta of 1.21. The company’s 50 day moving average is $53.77 and its 200 day moving average is $50.77. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares in the company, valued at $2,478,620.16. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 177.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Blue Trust Inc. grew its holdings in ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC grew its holdings in ACI Worldwide by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company’s stock worth $108,000 after acquiring an additional 810 shares in the last quarter. nVerses Capital LLC bought a new position in ACI Worldwide during the 3rd quarter worth about $112,000. Finally, USA Financial Formulas bought a new stake in shares of ACI Worldwide in the 3rd quarter valued at about $114,000. 94.74% of the stock is currently 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.