ACI Worldwide (NASDAQ:ACIW) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

ACI Worldwide, Inc. (NASDAQ:ACIW)’s stock price crossed 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACIW. Zacks Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. DA Davidson reissued a “buy” rating and issued a $66.00 price objective on shares of ACI Worldwide in a research note on Wednesday, September 2nd. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, ACI Worldwide has an average rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Stock Up 1.1%

The firm’s 50-day moving average is $52.90 and its 200 day moving average is $47.97. The firm has a market capitalization of $5.07 billion, a P/E ratio of 23.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cim Investment Management Inc. acquired a new position in shares of ACI Worldwide during the 2nd quarter worth $206,000. QRG Capital Management Inc. acquired a new position in shares of ACI Worldwide during the second quarter valued at about $381,000. Integrated Wealth Concepts LLC bought a new stake in ACI Worldwide during the second quarter worth $122,000. IFP Advisors Inc grew its position in ACI Worldwide by 138.5% in the 2nd quarter. IFP Advisors Inc now owns 1,121 shares of the technology company’s stock worth $56,000 after purchasing an additional 651 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in ACI Worldwide by 50.8% during the second quarter. Allworth Financial LP now owns 1,163 shares of the technology company’s stock worth $58,000 after acquiring an additional 392 shares during the period. Institutional investors 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.