Adalio T. Sanchez Sells 1,200 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Adalio T. Sanchez sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total transaction of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ACI Worldwide Stock Down 1.3 %

Shares of ACIW opened at $54.29 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $50.99 and a 200 day moving average of $44.26. The company has a market cap of $5.69 billion, a PE ratio of 25.73 and a beta of 1.19. ACI Worldwide, Inc. has a 52-week low of $24.76 and a 52-week high of $59.60.

Institutional Investors Weigh In On ACI Worldwide

Several institutional investors have recently made changes to their positions in ACIW. Geode Capital Management LLC raised its position in ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock worth $127,407,000 after purchasing an additional 31,561 shares during the period. Vestcor Inc raised its holdings in shares of ACI Worldwide by 81.8% in the third quarter. Vestcor Inc now owns 16,795 shares of the technology company’s stock worth $855,000 after buying an additional 7,555 shares during the period. Barclays PLC lifted its stake in shares of ACI Worldwide by 244.0% during the 3rd quarter. Barclays PLC now owns 226,173 shares of the technology company’s stock worth $11,513,000 after acquiring an additional 160,425 shares during the last quarter. XTX Topco Ltd purchased a new position in ACI Worldwide during the 3rd quarter valued at $304,000. Finally, Jane Street Group LLC grew its position in ACI Worldwide by 13.3% in the 3rd quarter. Jane Street Group LLC now owns 214,243 shares of the technology company’s stock valued at $10,905,000 after acquiring an additional 25,116 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACIW. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. StockNews.com downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the company from $57.00 to $60.00 in a report on Friday, November 8th. Canaccord Genuity Group upped their price target on shares of ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

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.