ACI Worldwide (NASDAQ:ACIW) Sets New 52-Week Low – Time to Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.53 and last traded at $38.9370, with a volume of 367302 shares traded. The stock had previously closed at $40.33.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Down 2.6%

The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 15.83 and a beta of 1.05. The business has a fifty day moving average of $45.44 and a two-hundred day moving average of $47.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58.

Hedge Funds Weigh In On ACI Worldwide

Institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in ACI Worldwide by 79.6% during the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after acquiring an additional 4,280,684 shares during the last quarter. Millennium Management LLC lifted its stake in shares of ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock worth $75,482,000 after purchasing an additional 1,284,419 shares during the period. Norges Bank acquired a new stake in shares of ACI Worldwide during the fourth quarter worth $54,735,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of ACI Worldwide by 90.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after purchasing an additional 861,779 shares during the last quarter. Finally, London Co. of Virginia grew its position in shares of ACI Worldwide by 91.0% in the third quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock valued at $91,448,000 after purchasing an additional 825,671 shares during the period. 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.