ACI Worldwide (NASDAQ:ACIW) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Monday.
ACIW has been the subject of a number of other reports. BidaskClub lowered ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Zacks Investment Research downgraded ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.
ACI Worldwide (NASDAQ:ACIW) opened at $26.01 on Monday. ACI Worldwide has a one year low of $20.23 and a one year high of $26.14. The company has a market capitalization of $3,017.01, a P/E ratio of 520.20, a P/E/G ratio of 3.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 63,781 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $24.85, for a total transaction of $1,584,957.85. Following the sale, the director now directly owns 91,896 shares in the company, valued at $2,283,615.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $22.97, for a total value of $689,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,781 shares of company stock worth $3,945,958. Company insiders own 4.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of ACIW. Crossmark Global Holdings Inc. purchased a new stake in ACI Worldwide during the third quarter valued at approximately $247,000. Principal Financial Group Inc. raised its position in ACI Worldwide by 1.7% during the third quarter. Principal Financial Group Inc. now owns 507,337 shares of the technology company’s stock valued at $11,557,000 after purchasing an additional 8,598 shares during the period. FDx Advisors Inc. raised its position in ACI Worldwide by 23.7% during the third quarter. FDx Advisors Inc. now owns 26,802 shares of the technology company’s stock valued at $611,000 after purchasing an additional 5,141 shares during the period. Rhumbline Advisers raised its position in ACI Worldwide by 6.8% during the third quarter. Rhumbline Advisers now owns 273,557 shares of the technology company’s stock valued at $6,232,000 after purchasing an additional 17,474 shares during the period. Finally, Bank of New York Mellon Corp raised its position in ACI Worldwide by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 1,462,825 shares of the technology company’s stock valued at $33,323,000 after purchasing an additional 34,226 shares during the period.
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About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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