The stock of Aci Worldwide Incorporated (NASDAQ:ACIW) registered an increase of 15.41% in short interest. ACIW’s total short interest was 6.42M shares in September as published by FINRA. Its up 15.41% from 5.57 million shares, reported previously. With 384,500 shares average volume, it will take short sellers 17 days to cover their ACIW’s short positions. The short interest to Aci Worldwide Incorporated’s float is 5.61%. About 77,636 shares traded hands. ACI Worldwide Inc (NASDAQ:ACIW) has risen 15.30% since February 8, 2016 and is uptrending. It has underperformed by 1.19% the S&P500.
ACI Worldwide, Inc. develops, markets, installs and supports a line of software services and products primarily focused on facilitating electronic payments. The company has a market cap of $2.17 billion. The Firm also distributes or acts as a sales agent for software developed by third parties. It has a 16.65 P/E ratio. These services and products are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.04, from 1.1 in 2016Q1. The ratio improved, as 16 funds sold all ACI Worldwide Inc shares owned while 56 reduced positions. 20 funds bought stakes while 62 increased positions. They now own 112.48 million shares or 1.89% less from 114.65 million shares in 2016Q1.
P2 Capital Partners Llc holds 9.17% of its portfolio in ACI Worldwide Inc for 2.73 million shares. Brown Capital Management Llc owns 11.90 million shares or 3.67% of their US portfolio. Moreover, Conestoga Capital Advisors Llc has 2.12% invested in the company for 1.47 million shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 2.09% in the stock. Fuller & Thaler Asset Management Inc., a California-based fund reported 5.96 million shares.
Out of 3 analysts covering ACI Worldwide (NASDAQ:ACIW), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. ACI Worldwide has been the topic of 3 analyst reports since December 11, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt initiated the stock on June 15 with “Buy” rating.
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