ACI Worldwide (NASDAQ:ACIW) Reaches New 12-Month Low – Should You Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.53 and last traded at $38.9370, with a volume of 367302 shares changing hands. The stock had previously closed at $40.33.

Analyst Ratings Changes

ACIW has been the topic of several analyst reports. Weiss Ratings raised shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Down 2.6%

The firm’s 50-day moving average price is $45.44 and its two-hundred day moving average price is $47.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $4.05 billion, a PE ratio of 15.83 and a beta of 1.05.

Institutional Trading of ACI Worldwide

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in ACI Worldwide by 93.5% during the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock worth $26,000 after acquiring an additional 372 shares during the last quarter. Bessemer Group Inc. grew its position in shares of ACI Worldwide by 51.9% during the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock worth $32,000 after acquiring an additional 214 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of ACI Worldwide by 106.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock valued at $29,000 after acquiring an additional 323 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in ACI Worldwide in the 2nd quarter valued at $32,000. 94.73% of the stock is owned by institutional investors and hedge funds.

About ACI Worldwide

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.