ACI Worldwide (ACIW) Downgraded by BidaskClub

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

Several other equities analysts also recently weighed in on ACIW. Zacks Investment Research downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. DA Davidson assumed coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.00.

ACI Worldwide (NASDAQ:ACIW) traded up $0.08 during midday trading on Tuesday, hitting $22.46. The stock had a trading volume of 638,995 shares, compared to its average volume of 466,041. The stock has a market capitalization of $2,654.99, a P/E ratio of 31.10, a PEG ratio of 4.15 and a beta of 1.30. ACI Worldwide has a 1-year low of $17.80 and a 1-year high of $25.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16.

In related news, Director James Mcgroddy sold 30,000 shares of ACI Worldwide stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total transaction of $692,100.00. Following the transaction, the director now owns 88,896 shares in the company, valued at $2,050,830.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Shelton Capital Management purchased a new position in ACI Worldwide during the third quarter worth approximately $201,000. Public Employees Retirement System of Ohio lifted its position in ACI Worldwide by 392.6% during the third quarter. Public Employees Retirement System of Ohio now owns 21,052 shares of the technology company’s stock worth $480,000 after buying an additional 16,778 shares in the last quarter. GSA Capital Partners LLP purchased a new position in ACI Worldwide during the third quarter worth approximately $826,000. Belpointe Asset Management LLC purchased a new position in ACI Worldwide during the third quarter worth approximately $482,000. Finally, Neuberger Berman Group LLC purchased a new position in ACI Worldwide during the third quarter worth approximately $211,000.

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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.

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