BidaskClub Downgrades ACI Worldwide (ACIW) to Sell

ACI Worldwide (NASDAQ:ACIW) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Shares of ACI Worldwide (ACIW) opened at $21.14 on Friday. The stock has a market capitalization of $2,506.76, a price-to-earnings ratio of 29.36, a P/E/G ratio of 3.48 and a beta of 1.24. ACI Worldwide has a 12-month low of $19.22 and a 12-month 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.

In other ACI Worldwide news, Director James Mcgroddy sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.40, for a total transaction of $672,000.00. Following the transaction, the director now directly owns 76,896 shares in the company, valued at $1,722,470.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $23.73, for a total value of $949,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,000 shares of company stock worth $4,326,300. Corporate insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ACI Worldwide by 61.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock valued at $140,000 after buying an additional 2,352 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in ACI Worldwide during the fourth quarter valued at about $159,000. Shelton Capital Management bought a new position in ACI Worldwide during the third quarter valued at about $201,000. Oakbrook Investments LLC bought a new position in ACI Worldwide during the third quarter valued at about $203,000. Finally, Neuberger Berman Group LLC bought a new position in ACI Worldwide during the third quarter valued at about $211,000.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/11/bidaskclub-downgrades-aci-worldwide-aciw-to-sell.html.

ACI Worldwide Company Profile

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.

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply