ACI Worldwide, Inc. (NASDAQ:ACIW – Get Rating) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,500,000 shares, a decrease of 7.4% from the February 13th total of 2,700,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 902,800 shares, the days-to-cover ratio is presently 2.8 days.
Wall Street Analyst Weigh In
ACIW has been the topic of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Thursday, March 2nd. DA Davidson upped their price objective on shares of ACI Worldwide from $29.00 to $34.00 in a report on Thursday, March 2nd. Finally, Stephens upped their price objective on shares of ACI Worldwide from $27.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.67.
Institutional Investors Weigh In On ACI Worldwide
Institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in shares of ACI Worldwide during the 3rd quarter valued at approximately $36,000. Eagle Bay Advisors LLC grew its position in shares of ACI Worldwide by 139.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 3,065 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,784 shares during the period. Point72 Hong Kong Ltd grew its position in shares of ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,106 shares during the period. Assetmark Inc. grew its position in shares of ACI Worldwide by 62.1% during the 3rd quarter. Assetmark Inc. now owns 4,622 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,771 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of ACI Worldwide during the 1st quarter valued at approximately $146,000. 97.55% of the stock is owned by institutional investors.
ACI Worldwide Trading Up 2.2 %
About ACI Worldwide
ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.
- Get a free copy of the StockNews.com research report on ACI Worldwide (ACIW)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.