ACI Worldwide, Inc. (NASDAQ:ACIW) Director Charles E. Peters, Jr. Sells 12,940 Shares

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

ACI Worldwide Trading Up 0.9 %

ACIW stock traded up $0.50 during trading on Wednesday, reaching $54.20. 644,267 shares of the stock were exchanged, compared to its average volume of 639,310. The business has a 50 day moving average price of $52.82 and a 200-day moving average price of $52.19. ACI Worldwide, Inc. has a 1 year low of $30.82 and a 1 year high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 25.69 and a beta of 1.20.

Analysts Set New Price Targets

Separately, DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.50.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of ACIW. Farther Finance Advisors LLC lifted its position in ACI Worldwide by 177.3% in 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 last quarter. Blue Trust Inc. lifted its stake in ACI Worldwide by 104.9% during the fourth quarter. Blue Trust Inc. now owns 582 shares of the technology company’s stock worth $30,000 after purchasing an additional 298 shares in the last quarter. Covestor Ltd boosted its position in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company’s stock worth $31,000 after buying an additional 419 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of ACI Worldwide in the third quarter valued at $118,000. Finally, GAMMA Investing LLC grew its position in ACI Worldwide by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock valued at $136,000 after acquiring an additional 508 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.