Charles E. Peters, Jr. Sells 12,940 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Charles E. Peters, Jr. sold 12,940 shares of ACI Worldwide stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $57.57, for a total transaction of $744,955.80. Following the sale, the director now owns 80,842 shares of the company’s stock, valued at approximately $4,654,073.94. The trade was a 13.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

ACI Worldwide Price Performance

ACIW stock opened at $53.21 on Friday. The firm has a 50 day moving average of $52.85 and a 200-day moving average of $52.21. ACI Worldwide, Inc. has a 12-month low of $31.19 and a 12-month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 25.22 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp raised its position in shares of ACI Worldwide by 29.4% during the 4th quarter. Mackenzie Financial Corp now owns 90,437 shares of the technology company’s stock worth $4,695,000 after purchasing an additional 20,559 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of ACI Worldwide by 2.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 88,349 shares of the technology company’s stock worth $4,586,000 after purchasing an additional 2,276 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ACI Worldwide by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 358,344 shares of the technology company’s stock worth $18,602,000 after purchasing an additional 40,733 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of ACI Worldwide by 36.2% during the 4th quarter. Squarepoint Ops LLC now owns 83,937 shares of the technology company’s stock worth $4,357,000 after purchasing an additional 22,325 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of ACI Worldwide during the 4th quarter worth approximately $649,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.50.

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 in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.