ACI Worldwide (ACIW) Downgraded to “Sell” at Zacks Investment Research

ACI Worldwide (NASDAQ:ACIW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “

Separately, BidaskClub cut shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

ACI Worldwide (ACIW) traded down $0.72 during mid-day trading on Wednesday, hitting $22.68. 644,700 shares of the stock were exchanged, compared to its average volume of 577,780. The stock has a market capitalization of $2,774.75, a PE ratio of 68.73, a P/E/G ratio of 4.23 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.87. ACI Worldwide has a twelve month low of $18.63 and a twelve month high of $25.00.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 2nd. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.22. ACI Worldwide had a net margin of 3.72% and a return on equity of 11.02%. equities research analysts expect that ACI Worldwide will post 0.54 earnings per share for the current year.

In related news, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $22.97, for a total transaction of $689,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Mcgroddy sold 90,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $22.40, for a total transaction of $2,016,000.00. Following the sale, the director now directly owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock valued at $4,069,200 in the last three months. Corporate insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC grew its stake in ACI Worldwide by 68.7% during the 2nd quarter. LS Investment Advisors LLC now owns 6,999 shares of the technology company’s stock valued at $137,000 after acquiring an additional 2,849 shares in the last quarter. Riverhead Capital Management LLC grew its stake in ACI Worldwide by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,357 shares in the last quarter. Quantbot Technologies LP purchased a new stake in ACI Worldwide during the 1st quarter valued at about $170,000. Strs Ohio grew its stake in ACI Worldwide by 113.2% during the 1st quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Shelton Capital Management purchased a new stake in ACI Worldwide during the 3rd quarter valued at about $201,000.

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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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