Insider Selling: ACI Worldwide, Inc. (NASDAQ:ACIW) Director Sells 12,940 Shares of Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Charles E. Peters, Jr. sold 12,940 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the transaction, the director now directly owns 80,842 shares of the company’s stock, valued at $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ACI Worldwide Stock Performance

Shares of ACIW traded up $0.50 during mid-day trading on Wednesday, reaching $54.20. The company had a trading volume of 644,267 shares, compared to its average volume of 639,310. The stock has a market capitalization of $5.68 billion, a P/E ratio of 25.69 and a beta of 1.20. ACI Worldwide, Inc. has a 52-week low of $30.82 and a 52-week high of $59.71. The stock has a 50 day moving average of $52.82 and a two-hundred day moving average of $52.19. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in ACI Worldwide by 177.3% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after buying an additional 321 shares during the period. Blue Trust Inc. grew its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock valued at $30,000 after acquiring an additional 298 shares during the period. Covestor Ltd increased its stake in shares of ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company’s stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of ACI Worldwide during the 3rd quarter worth approximately $118,000. Finally, GAMMA Investing LLC grew its position in shares of ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $57.00 to $60.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $49.50.

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.