Short Interest Report: Is Buying Aci Worldwide Incorporated (NASDAQ:ACIW), Having Higher Short Interest a Winning Strategy?

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Report: Is Buying Aci Worldwide Incorporated (NASDAQ:ACIW), Having Higher Short Interest a Winning Strategy?

The stock of Aci Worldwide Incorporated (NASDAQ:ACIW) registered an increase of 14.31% in short interest. ACIW’s total short interest was 8.18 million shares in November as published by FINRA. Its up 14.31% from 7.16M shares, reported previously. With 397,200 shares average volume, it will take short sellers 21 days to cover their ACIW’s short positions. The short interest to Aci Worldwide Incorporated’s float is 7.14%. About 5,614 shares traded hands. ACI Worldwide Inc (NASDAQ:ACIW) has declined 6.91% since April 21, 2016 and is downtrending. It has underperformed by 12.24% 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 $2.30 billion. The Firm also distributes or acts as a sales agent for software developed by third parties. It has a 21.32 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.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.08, from 1.14 in 2016Q1. The ratio increased, 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.
Aristotle Cap Boston Ltd last reported 0.87% of its portfolio in the stock. Bamco Ny owns 2.00 million shares or 0.21% of their US portfolio. American Intl Group owns 288,466 shares or 0% of their US portfolio. Strs Ohio last reported 12,500 shares in the company. Synovus Finance Corporation, a Georgia-based fund reported 114 shares. Finemark Bank & Trust has 0% invested in the company for 583 shares. Trexquant Investment Lp, a Connecticut-based fund reported 33,687 shares. Weaver C Barksdale Associate has invested 0.01% of its portfolio in ACI Worldwide Inc (NASDAQ:ACIW). D E Shaw And last reported 278,337 shares in the company. Artisan Partners L P has 0.04% invested in the company for 898,653 shares. Brown Advisory reported 12,168 shares or 0% of all its holdings. Natl Bank Of Montreal Can accumulated 261,686 shares or 0.01% of the stock. The Japan-based Diam Limited has invested 0.03% in ACI Worldwide Inc (NASDAQ:ACIW). Moreover, Rice Hall James Llc has 0.4% invested in ACI Worldwide Inc (NASDAQ:ACIW) for 359,259 shares. Pacad Limited last reported 3,000 shares in the company.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 3 selling transactions for $884,213 net activity. Warsop Thomas W III had sold 4,500 shares worth $93,735. Shares for $683,492 were sold by Behrens Scott W. The insider HEASLEY PHILIP G sold $106,986.

ACI Worldwide Inc (NASDAQ:ACIW) Ratings Coverage

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 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of ACI Worldwide Inc (NASDAQ:ACIW) has “Buy” rating given on Wednesday, June 15 by Monness Crespi & Hardt. The firm earned “Market Outperform” rating on Friday, February 26 by Avondale. The firm earned “Buy” rating on Tuesday, August 4 by Zacks. The stock of ACI Worldwide Inc (NASDAQ:ACIW) has “Buy” rating given on Friday, November 4 by Monness Crespi & Hardt. The rating was initiated by Credit Suisse on Friday, December 11 with “Neutral”.

ACIW Company Profile

ACI Worldwide, Inc.(ACI), incorporated on November 2, 1993, develops, markets, installs and supports a line of software services and products primarily focused on facilitating electronic payments. In addition to its own products, it distributes, or acts as a sales agent for software developed by third parties. These services and products are used principally by financial institutions, retailers and electronic payment processors, both in domestic and international markets. The Company’s products are sold and supported through distribution networks covering three geographic regions the Americas, Europe/Middle East/Africa (EMEA) and Asia/Pacific. Each distribution network has its own sales force that it supplements with independent reseller and/or distributor networks. The Company’s products are marketed under the ACI Worldwide and ACI Payment Systems brands. In March 2013, it completed the acquisition of Online Resources Corp. In November 2013, the Company announced that it has completed the acquisition of Official Payments Holdings, Inc, a well-known provider of electronic bill payment solutions.

More news for ACI Worldwide Inc (NASDAQ:ACIW) were recently published by: Businesswire.com, which released: “ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2016” on July 28, 2016. Businesswire.com‘s article titled: “ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended September …” and published on November 03, 2016 is yet another important article.

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By Pete Kolinski


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