ACI Worldwide (NASDAQ:ACIW) Hits New 1-Year Low – Time to Sell?

Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) reached a new 52-week low during trading on Monday . The stock traded as low as $38.35 and last traded at $38.3150, with a volume of 406388 shares changing hands. The stock had previously closed at $40.88.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Trading Down 5.9%

The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 15.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.58. The company’s fifty day moving average price is $44.57 and its 200-day moving average price is $47.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACIW. Mercer Global Advisors Inc. ADV lifted its stake in shares of ACI Worldwide by 12.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the technology company’s stock worth $501,000 after buying an additional 1,119 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in ACI Worldwide by 90.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after acquiring an additional 861,779 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in ACI Worldwide during the 4th quarter worth about $1,501,000. Twinbeech Capital LP purchased a new stake in ACI Worldwide during the 4th quarter valued at about $382,000. Finally, Inspire Investing LLC increased its holdings in shares of ACI Worldwide by 12.6% in the fourth quarter. Inspire Investing LLC now owns 9,744 shares of the technology company’s stock valued at $466,000 after purchasing an additional 1,090 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About ACI Worldwide

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.