ACI Worldwide, Inc. (NASDAQ:ACIW) Short Interest Update

Posted by Defense World Staff on Jul 17th, 2023

ACI Worldwide, Inc. (NASDAQ:ACIW – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 1,900,000 shares, a drop of 30.4% from the June 15th total of 2,730,000 shares. Based on an average daily volume of 634,100 shares, the short-interest ratio is currently 3.0 days. Currently, 1.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACIW shares. TheStreet lowered shares of ACI Worldwide from a “b-” rating to a “c” rating in a research note on Friday, May 5th. StockNews.com assumed coverage on shares of ACI Worldwide in a report on Thursday, May 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.67.

Insider Buying and Selling

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 39,667 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average price of $23.59 per share, for a total transaction of $935,744.53. Following the completion of the acquisition, the chief executive officer now owns 174,974 shares of the company’s stock, valued at approximately $4,127,636.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Thomas W. Warsop III acquired 39,667 shares of the stock in a transaction on Tuesday, June 6th. The stock was acquired at an average cost of $23.59 per share, for a total transaction of $935,744.53. Following the completion of the transaction, the chief executive officer now directly owns 174,974 shares in the company, valued at $4,127,636.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Ram Kumar Puppala sold 14,070 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $24.28, for a total transaction of $341,619.60. Following the transaction, the chief technology officer now owns 31,297 shares of the company’s stock, valued at $759,891.16. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Fred Alger Management LLC lifted its position in ACI Worldwide by 456.9% during the first quarter. Fred Alger Management LLC now owns 2,094,892 shares of the technology company’s stock valued at $56,520,000 after purchasing an additional 1,718,703 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of ACI Worldwide by 26.1% in the fourth quarter. Franklin Resources Inc. now owns 7,974,554 shares of the technology company’s stock valued at $183,415,000 after acquiring an additional 1,648,142 shares during the period. Norges Bank purchased a new stake in shares of ACI Worldwide in the fourth quarter valued at $28,083,000. Voss Capital LLC purchased a new stake in shares of ACI Worldwide in the first quarter valued at $29,332,000. Finally, Morgan Stanley raised its stake in shares of ACI Worldwide by 85.5% in the fourth quarter. Morgan Stanley now owns 2,246,479 shares of the technology company’s stock valued at $51,669,000 after acquiring an additional 1,035,332 shares during the period. 95.35% of the stock is owned by hedge funds and other institutional investors.

ACI Worldwide Stock Down 0.5 %

ACIW opened at $24.10 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average price of $23.36 and a 200-day moving average price of $25.12. ACI Worldwide has a twelve month low of $19.68 and a twelve month high of $29.35. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 29.04 and a beta of 1.10.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last announced its earnings results on Thursday, May 4th. The technology company reported ($0.11) EPS for the quarter. ACI Worldwide had a net margin of 6.80% and a return on equity of 10.76%. The business had revenue of $289.68 million for the quarter. Equities research analysts forecast that ACI Worldwide will post 1.75 earnings per share for the current year.

About ACI Worldwide

(Get Free Report)

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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.