ACI Worldwide, Inc. (NASDAQ:ACIW) Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.40, for a total value of $672,000.00. Following the completion of the sale, the director now directly owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

James Mcgroddy also recently made the following trade(s):

  • On Wednesday, December 13th, James Mcgroddy sold 90,000 shares of ACI Worldwide stock. The shares were sold at an average price of $22.40, for a total value of $2,016,000.00.
  • On Thursday, November 9th, James Mcgroddy sold 30,000 shares of ACI Worldwide stock. The shares were sold at an average price of $23.07, for a total value of $692,100.00.

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded up $0.04 during midday trading on Wednesday, hitting $22.50. The company had a trading volume of 723,706 shares, compared to its average volume of 467,114. The company has a market cap of $2,653.80, a PE ratio of 31.08, a price-to-earnings-growth ratio of 4.14 and a beta of 1.30. ACI Worldwide, Inc. has a 1-year low of $17.80 and a 1-year high of $25.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87.

ACIW has been the subject of several recent research reports. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. DA Davidson initiated coverage on ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 price target for the company. Finally, BidaskClub cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Several hedge funds and other institutional investors have recently made changes to their positions in ACIW. Riverhead Capital Management LLC grew its stake in shares of ACI Worldwide by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after buying an additional 2,357 shares in the last quarter. Shelton Capital Management bought a new stake in ACI Worldwide during the third quarter worth approximately $201,000. Oakbrook Investments LLC bought a new stake in ACI Worldwide during the third quarter worth approximately $203,000. Neuberger Berman Group LLC bought a new stake in ACI Worldwide during the third quarter worth approximately $211,000. Finally, Strs Ohio boosted its position in ACI Worldwide by 17.3% during the second quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock worth $212,000 after purchasing an additional 1,400 shares during the period.

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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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