ACI Worldwide (NASDAQ:ACIW) Reaches New 52-Week Low – Should You Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $39.87 and last traded at $39.9320, with a volume of 546889 shares traded. The stock had previously closed at $43.45.

Wall Street Analysts Forecast Growth

ACIW has been the subject of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Price Performance

The stock has a fifty day simple moving average of $45.83 and a two-hundred day simple moving average of $47.50. The company has a market cap of $4.19 billion, a PE ratio of 16.40 and a beta of 1.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.56.

ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $482.36 million during the quarter, compared to the consensus estimate of $465.09 million. ACI Worldwide had a return on equity of 18.97% and a net margin of 15.07%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 4,210 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $47.69, for a total transaction of $200,774.90. Following the transaction, the chief technology officer directly owned 96,897 shares in the company, valued at approximately $4,621,017.93. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ACI Worldwide

Institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ACI Worldwide by 226.8% in the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares during the last quarter. Bessemer Group Inc. increased its position in shares of ACI Worldwide by 51.9% in the third quarter. Bessemer Group Inc. now owns 626 shares of the technology company’s stock valued at $32,000 after buying an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of ACI Worldwide by 106.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the technology company’s stock worth $29,000 after buying an additional 323 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of ACI Worldwide during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.