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

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 stock was sold at an average price of $57.57, for a total transaction of $744,955.80. Following the completion of the sale, the director now directly owns 80,842 shares of the company’s stock, valued at $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 through the SEC website.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $54.20 on Thursday. The company has a market cap of $5.68 billion, a P/E ratio of 25.69 and a beta of 1.20. The firm’s 50 day moving average is $52.82 and its two-hundred day moving average is $52.19. ACI Worldwide, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $59.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ACIW. Norges Bank acquired a new stake in ACI Worldwide during the fourth quarter worth about $75,868,000. Congress Asset Management Co. purchased a new stake in shares of ACI Worldwide during the 4th quarter worth about $55,998,000. American Century Companies Inc. grew its holdings in shares of ACI Worldwide by 206.2% during the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company’s stock worth $52,194,000 after purchasing an additional 677,143 shares during the period. Geode Capital Management LLC increased its position in ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company’s stock worth $154,095,000 after purchasing an additional 459,821 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in ACI Worldwide by 160.4% in the fourth quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company’s stock valued at $35,027,000 after buying an additional 415,612 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

About ACI Worldwide

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.