Home Analysts Viewpoint Investing in ACI Worldwide Inc. (ACIW): What You Must Know

Investing in ACI Worldwide Inc. (ACIW): What You Must Know

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Investing in ACI Worldwide Inc. (ACIW): What You Must Know
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ACI Worldwide Inc.’s recent filing unveils that its Chief Technology Officer Puppala Ram Kumar acquired Company’s shares for reported $22030.0 on Sep 07. In the deal valued at $22.03 per share,1,000 shares were bought. As a result of this transaction, Puppala Ram Kumar now holds 49,603 shares worth roughly $ 1.04 million.


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Then, Behrens Scott W sold 37,905 shares, generating $1,202,214 in total proceeds. Upon selling the shares at $31.72, the Chief Financial Officer now owns 349,794 shares.

Before that, Puppala Ram Kumar bought 2,000 shares. ACI Worldwide Inc. shares valued at $56,980 were divested by the Chief Technology Officer at a price of $28.49 per share. As a result of the transaction, Puppala Ram Kumar now holds 18,625 shares, worth roughly $0.39 million.

Needham downgraded its ACI Worldwide Inc. [ACIW] rating to a Hold from a a Buy in a research note published on Monday. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Compass Point began covering ACIW with “Buy” recommendation on September 17, 2020. Needham started covering the stock on May 29, 2020. It rated ACIW as “a Buy”.

Price Performance Review of ACIW

On Monday, ACI Worldwide Inc. [NASDAQ:ACIW] saw its stock jump 2.14% to $20.98. On the same session, the stock had its day’s lowest price of $20.50, but rose to a high of $21.27. Over the last five days, the stock has lost -13.77%. ACI Worldwide Inc. shares have fallen nearly -39.54% since the year began. Nevertheless, the stocks have fallen -35.15% over the past one year. While a 52-week high of $36.01 was reached on 01/05/22, a 52-week low of $19.68 was recorded on 11/03/22. SMA at 50 days reached $22.17, while 200 days put it at $27.12. A total of 0.85 million shares were traded, compared to the trading of 2.57 million shares in the previous session.

Levels Of Support And Resistance For ACIW Stock

The 24-hour chart illustrates a support level at 20.56, which if violated will result in even more drops to 20.15. On the upside, there is a resistance level at 21.33. A further resistance level may holdings at 21.69. The Relative Strength Index (RSI) on the 14-day chart is 41.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.81%. Stochastics %K at 19.90% indicates the stock is a buying.

How much short interest is there in ACI Worldwide Inc.?

A steep rise in short interest was recorded in ACI Worldwide Inc. stocks on Jul 14, 2022, dropping by -0.36 million shares to a total of 3.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.59 million shares. There was a decline of -11.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.3.

ACI Worldwide Inc. [ACIW] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 12,161,520 shares, or roughly 10.66% of the outstanding ACIW shares. In other words, the investor’s shares have fallen by -253,303 from its previous 13-F filing of 12414823.0. Additionally, The Vanguard Group, Inc. increased 0.61% of its stake after which the total value it holdings stand at $228,639,584, while AllianceBernstein LP added 5.94% of its stake to hold $122.84 million in the firm. Over the last quarter, Starboard Value LP sold -1,041,128 shares of ACI Worldwide Inc., while Franklin Mutual Advisers LLC sold -837,074 shares. At present, River Road Asset Management LLC is holding 4,017,386 shares valued at $83.96 million. SSgA Funds Management, Inc. owned 3,906,034 shares of the company at the time of its most recent 13F filing, worth $81.64 million.

According to FactSet, ACI Worldwide Inc.’s share price will average $31.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 46.06 percent from its previous closing price of $20.54. Analysts expect ACI Worldwide Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $27.00. However, 6 analysts have rated ACIW stock as a Buy in their predictions for 2022.

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