ACI Worldwide (NASDAQ:ACIW) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $44.83 and traded as high as $44.86. ACI Worldwide shares last traded at $44.25, with a volume of 542,744 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ACIW. Zacks Research lowered shares of ACI Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ACI Worldwide presently has an average rating of “Hold” and an average target price of $60.00.

ACI Worldwide Stock Performance

The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.90 and a beta of 1.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $41.13 and its 200-day simple moving average is $44.74.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, February 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The business had revenue of $481.60 million for the quarter, compared to analyst estimates of $465.20 million. ACI Worldwide had a return on equity of 16.44% and a net margin of 12.88%.ACI Worldwide’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. Analysts predict that ACI Worldwide, Inc. will post 2.53 EPS for the current year.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez bought 3,000 shares of ACI Worldwide stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of $40.98 per share, for a total transaction of $122,940.00. Following the acquisition, the director directly owned 64,378 shares in the company, valued at $2,638,210.44. This represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Juan Benitez II bought 2,400 shares of ACI Worldwide stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $41.90 per share, for a total transaction of $100,560.00. Following the completion of the acquisition, the director owned 16,881 shares in the company, valued at $707,313.90. This represents a 16.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Inspire Investing LLC raised its holdings in shares of ACI Worldwide by 28.9% in the 1st quarter. Inspire Investing LLC now owns 12,562 shares of the technology company’s stock valued at $515,000 after purchasing an additional 2,818 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of ACI Worldwide in the 1st quarter valued at $236,000. Janney Montgomery Scott LLC raised its holdings in shares of ACI Worldwide by 80.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 30,684 shares of the technology company’s stock valued at $1,258,000 after purchasing an additional 13,638 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of ACI Worldwide by 19.3% in the 1st quarter. OLD National Bancorp IN now owns 6,442 shares of the technology company’s stock valued at $264,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of ACI Worldwide in the 1st quarter valued at $1,874,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.