Short Interest in ACI Worldwide, Inc. (NASDAQ:ACIW) Decreases By 7.4%

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 %

Shares of ACIW stock opened at $23.48 on Wednesday. ACI Worldwide has a 52-week low of $19.68 and a 52-week high of $34.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $23.48. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.55 and a beta of 1.10.

About ACI Worldwide

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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.