ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) saw a large growth in short interest in December. As of December 30th, there was short interest totalling 3,550,000 shares, a growth of 14.5% from the December 15th total of 3,100,000 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 3.3 days.
Analyst Ratings Changes
A number of brokerages recently weighed in on ACIW. DA Davidson reduced their price objective on ACI Worldwide to $32.00 in a research report on Thursday, October 13th. BTIG Research reduced their price objective on ACI Worldwide from $46.00 to $31.00 in a research report on Wednesday, November 2nd. Craig Hallum reduced their price objective on ACI Worldwide from $38.00 to $30.00 in a research report on Thursday, November 3rd. StockNews.com began coverage on ACI Worldwide in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Needham & Company LLC lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd.
ACI Worldwide Trading Up 1.9 %
NASDAQ ACIW opened at $28.99 on Friday. The business’s 50-day moving average price is $22.71 and its two-hundred day moving average price is $23.51. ACI Worldwide has a 12 month low of $19.68 and a 12 month high of $35.30. The firm has a market capitalization of $3.26 billion, a PE ratio of 21.01 and a beta of 1.02. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.79.
Institutional Investors Weigh In On ACI Worldwide
Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its position in shares of ACI Worldwide by 7.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,505 shares of the technology company’s stock valued at $530,000 after purchasing an additional 1,460 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of ACI Worldwide by 74.8% during the 2nd quarter. SG Americas Securities LLC now owns 130,337 shares of the technology company’s stock valued at $3,374,000 after purchasing an additional 55,778 shares in the last quarter. North Star Asset Management Inc. boosted its position in shares of ACI Worldwide by 1.5% during the 2nd quarter. North Star Asset Management Inc. now owns 807,779 shares of the technology company’s stock valued at $20,913,000 after purchasing an additional 11,575 shares in the last quarter. Reinhart Partners Inc. raised its stake in ACI Worldwide by 22.9% during the 2nd quarter. Reinhart Partners Inc. now owns 1,653,597 shares of the technology company’s stock worth $42,812,000 after buying an additional 307,898 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in ACI Worldwide during the 2nd quarter worth approximately $914,000. Institutional investors own 97.55% of the company’s stock.
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 to banks, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
- Get a free copy of the StockNews.com research report on ACI Worldwide (ACIW)
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