ACI Worldwide (NASDAQ:ACIW) Sets New 1-Year High – Still a Buy?

ACI Worldwide, Inc. (NASDAQ:ACIW)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $59.71 and last traded at $59.49, with a volume of 45203 shares traded. The stock had previously closed at $58.64.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACIW shares. 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 report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a report on Friday, August 2nd. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Finally, StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Stock Performance

The company’s fifty day moving average price is $51.99 and its two-hundred day moving average price is $45.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $6.01 billion, a PE ratio of 27.16 and a beta of 1.19.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value 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 trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACIW. Farther Finance Advisors LLC increased its holdings in ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $26,000 after purchasing an additional 321 shares in the last quarter. Cetera Trust Company N.A raised its holdings in shares of ACI Worldwide by 7.9% during the 3rd quarter. Cetera Trust Company N.A now owns 4,780 shares of the technology company’s stock valued at $243,000 after buying an additional 350 shares during the period. GAMMA Investing LLC lifted its position in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ACI Worldwide by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,872 shares of the technology company’s stock worth $2,331,000 after acquiring an additional 469 shares during the period. Finally, Fifth Third Bancorp grew its position in ACI Worldwide by 123.3% in the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after acquiring an additional 624 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

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.