Credit Suisse Begins Coverage on ACI Worldwide (NASDAQ:ACIW). What’s Next?


How Credit Suisse Currently Rates ACI Worldwide (NASDAQ:ACIW)

Credit Suisse issued to clients and investors in a research note that it have started coverage on ACI Worldwide (NASDAQ:ACIW) stock, with Neutral rating.

Approximately 160,525 shares of stock traded hands. ACI Worldwide Inc (NASDAQ:ACIW) has declined 5.66% since May 8, 2015 and is downtrending. It has underperformed by 2.64% the S&P500.

The overall sentiment of institutions has decreased to 1.48 in Q2 2015. Its down 0.01, from 1.49 in 2015Q2. The ratio is negative, as 20 institutions have sold all the shares of ACI Worldwide Inc that they owned while 55 funds have taken shares off the table. 30 funds have purchased shares for the first time while 81 added to their positions. These institutions now hold 125.53 million shares or 7.36% more than the 116.92 million shares they owned in 2015Q2.

The Fund P2 Capital Partners Llc currently is holding shares equating to 4.5% of its total portfolio in ACI Worldwide Inc representing a total of 1.10 million shares. Another fund,Vnbtrust National Association, is holding a total of 325,394 shares equating to 3.92% of their holdings. Additionally, Brown Capital Management Llc has a 10.24 million share stake in ACI Worldwide Inc which represents 3.7% of their total portfolio. The Fund, Conestoga Capital Advisors Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 2.97% of their total portfolio. Finally Cardinal Capital Management Llc Ct, a fund which is based in the state of Connecticut reported a total holdings of 2.02 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of ACI Worldwide Inc have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $1.07 million . Purakayastha Apratim sold 17,028 shares worth approximately $390,575. Shay John M Jr sold 30,000 shares worth approximately $681,666. Curtis John D sold 150,000 shares worth approximately $3.46 million. Byrnes Dennis sold 45,375 shares worth approximately $998,250. The company insider Frate Daniel J sold 83,261 shares worth $1.70M.

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 $2.62 billion. The Company’s suite of software products and hosted services deliver a range of solutions for payments processing, card and merchant management, electronic bill presentment and payment , online banking, mobile, branch and voice banking, fraud detection and trade finance. It has 29.27 P/E ratio. The Company’s services include implementation services, product support services, technical services, education services, testing services, expert services consultancy and facilities management services.

According to Zacks Investment Research, “Transaction Systems Architects, Inc. develops, markets, installs and supports a broad line of software products and services primarily focused on facilitating electronic payments and electronic commerce. The Company’s products are organized into four lines-of-business groups: Consumer Banking, Corporate Banking, Retail Solutions and System Solutions.” Get a free copy of the Zacks research report on ACI Worldwide Inc (ACIW).