ACI Worldwide (NASDAQ:ACIW) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• ACI Worldwide shares rose above their 200-day moving average, reaching $49.37 and closing at $48.88, compared with the $47.90 average.
• Analyst sentiment remains broadly positive: the stock has a consensus “Buy” rating and a $66 price target, despite one downgrade to “Hold.”
• Institutional investors own approximately 94.73% of ACI Worldwide, while the company reports a $4.93 billion market capitalization and a price-to-earnings ratio of 22.42.

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $47.90 and traded as high as $49.37. ACI Worldwide shares last traded at $48.88, with a volume of 1,115,762 shares changing hands.

Analyst Upgrades and Downgrades

ACIW has been the topic of several recent analyst reports. Wall Street Zen downgraded ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research raised ACI Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. DA Davidson reiterated a "buy" rating and issued a $66.00 price objective on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Finally, Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, ACI Worldwide has a consensus rating of "Buy" and a consensus price target of $66.00.

ACI Worldwide Stock Up 0.6%

The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 22.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The firm's 50-day simple moving average is $53.00 and its two-hundred day simple moving average is $47.90.

Institutional Trading of ACI Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of ACIW. Pacer Advisors Inc. lifted its holdings in ACI Worldwide by 8.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,019 shares of the technology company's stock worth $124,000 after buying an additional 230 shares in the last quarter. Essential Partners LLC boosted its position in ACI Worldwide by 80.3% in the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company's stock valued at $30,000 after buying an additional 327 shares during the last quarter. Allworth Financial LP increased its stake in shares of ACI Worldwide by 50.8% in the 2nd quarter. Allworth Financial LP now owns 1,163 shares of the technology company's stock valued at $58,000 after buying an additional 392 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of ACI Worldwide by 47.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company's stock valued at $57,000 after buying an additional 444 shares during the period. Finally, IFP Advisors Inc raised its position in shares of ACI Worldwide by 138.5% during the second quarter. IFP Advisors Inc now owns 1,121 shares of the technology company's stock worth $56,000 after acquiring an additional 651 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

About ACI Worldwide

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI's software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.