ACI Worldwide (ACIW) Upgraded at BidaskClub

ACI Worldwide (NASDAQ:ACIW) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. ACI Worldwide has an average rating of “Hold” and an average target price of $26.00.

Shares of ACI Worldwide (NASDAQ:ACIW) opened at $23.34 on Friday. ACI Worldwide has a 1-year low of $19.55 and a 1-year high of $25.00. The firm has a market capitalization of $2,733.25, a PE ratio of 70.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.87.

In other ACI Worldwide news, Director James Mcgroddy sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.40, for a total value of $672,000.00. Following the sale, the director now owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $23.73, for a total value of $949,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,000 shares of company stock worth $4,326,300. Insiders own 4.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC raised its holdings in shares of ACI Worldwide by 58.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,618,035 shares of the technology company’s stock valued at $59,639,000 after buying an additional 966,935 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter valued at about $19,178,000. Cardinal Capital Management LLC CT raised its holdings in shares of ACI Worldwide by 30.2% during the 4th quarter. Cardinal Capital Management LLC CT now owns 3,527,126 shares of the technology company’s stock valued at $79,960,000 after buying an additional 818,027 shares in the last quarter. Corsair Capital Management L.P. raised its holdings in shares of ACI Worldwide by 1,420.4% during the 4th quarter. Corsair Capital Management L.P. now owns 608,164 shares of the technology company’s stock valued at $13,787,000 after buying an additional 568,164 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of ACI Worldwide by 69.1% during the 4th quarter. Deutsche Bank AG now owns 692,109 shares of the technology company’s stock valued at $15,688,000 after buying an additional 282,839 shares in the last quarter.

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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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