ACI Worldwide Inc (NASDAQ:ACIW) EVP Anthony M. Scotto, Jr. sold 30,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $22.97, for a total transaction of $689,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ACI Worldwide Inc (NASDAQ:ACIW) traded down $0.10 on Friday, reaching $23.40. 505,577 shares of the company’s stock were exchanged, compared to its average volume of 513,517. ACI Worldwide Inc has a 1 year low of $18.63 and a 1 year high of $25.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $2,786.61, a P/E ratio of 70.91, a P/E/G ratio of 4.25 and a beta of 1.30.
Large investors have recently modified their holdings of the company. Voya Investment Management LLC boosted its stake in shares of ACI Worldwide by 12.8% in the 2nd quarter. Voya Investment Management LLC now owns 52,919 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 6,022 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of ACI Worldwide by 127.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 60,701 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 34,050 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of ACI Worldwide by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 49,800 shares of the technology company’s stock valued at $1,114,000 after purchasing an additional 1,000 shares in the last quarter. Tuttle Tactical Management LLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter valued at $287,000. Finally, Eaton Vance Management boosted its stake in shares of ACI Worldwide by 1.6% in the 2nd quarter. Eaton Vance Management now owns 706,521 shares of the technology company’s stock valued at $15,805,000 after purchasing an additional 10,871 shares in the last quarter.
A number of equities research analysts have weighed in on ACIW shares. Zacks Investment Research downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. BidaskClub downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. ACI Worldwide has a consensus rating of “Hold” and a consensus target price of $26.00.
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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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