ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year Low – Time to Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW) hit a new 52-week low during trading on Monday . The company traded as low as $38.35 and last traded at $38.3150, with a volume of 406388 shares changing hands. The stock had previously closed at $40.88.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Stock Down 5.9%

The stock has a market cap of $3.97 billion, a PE ratio of 15.51 and a beta of 1.05. The business has a 50 day moving average price of $44.57 and a 200 day moving average price of $47.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently made changes to their positions in ACIW. Mercer Global Advisors Inc. ADV lifted its stake in shares of ACI Worldwide by 12.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the technology company’s stock valued at $501,000 after purchasing an additional 1,119 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in ACI Worldwide by 90.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock valued at $86,851,000 after buying an additional 861,779 shares during the period. Tudor Investment Corp ET AL purchased a new position in ACI Worldwide in the fourth quarter valued at $1,501,000. Twinbeech Capital LP purchased a new position in ACI Worldwide in the fourth quarter valued at $382,000. Finally, Inspire Investing LLC raised its position in shares of ACI Worldwide by 12.6% in the fourth quarter. Inspire Investing LLC now owns 9,744 shares of the technology company’s stock worth $466,000 after acquiring an additional 1,090 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.