James Mcgroddy Sells 30,000 Shares of ACI Worldwide, Inc. (ACIW) Stock
ACI Worldwide, Inc. (NASDAQ:ACIW) Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the transaction, the director now owns 88,896 shares in the company, valued at approximately $2,050,830.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of ACI Worldwide, Inc. (NASDAQ ACIW) opened at $22.81 on Wednesday. The firm has a market capitalization of $2,724.95, a P/E ratio of 31.92, a P/E/G ratio of 3.65 and a beta of 1.32. 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, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $25.00.
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ACIW has been the topic of several recent analyst reports. DA Davidson initiated coverage on ACI Worldwide in a research report on Thursday, August 31st. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. grew its holdings in shares of ACI Worldwide by 0.7% in the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock worth $232,000 after acquiring an additional 70 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of ACI Worldwide by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,227 shares of the technology company’s stock worth $385,000 after acquiring an additional 94 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of ACI Worldwide by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock worth $948,000 after acquiring an additional 234 shares during the period. Granite Investment Partners LLC grew its holdings in shares of ACI Worldwide by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 67,586 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 252 shares during the period. Finally, Wrapmanager Inc. grew its holdings in shares of ACI Worldwide by 3.4% in the 2nd quarter. Wrapmanager Inc. now owns 14,280 shares of the technology company’s stock worth $319,000 after acquiring an additional 468 shares during the period.
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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