Princeton Capital Management Inc. bought a new stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 26,720 shares of the company’s stock, valued at approximately $521,000.
Other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock valued at $137,000 after buying an additional 2,849 shares in the last quarter. Connable Office Inc. increased its stake in ACI Worldwide by 6.8% in the first quarter. Connable Office Inc. now owns 10,400 shares of the company’s stock worth $216,000 after buying an additional 665 shares during the last quarter. Huntington Asset Advisors Inc. bought a new stake in ACI Worldwide during the first quarter worth $229,000. Parametrica Management Ltd bought a new stake in ACI Worldwide during the first quarter worth $254,000. Finally, Aperio Group LLC increased its stake in ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.
ACI Worldwide Inc. (NASDAQ:ACIW) traded down 0.05% during midday trading on Tuesday, reaching $18.30. 224,441 shares of the company traded hands. The stock’s 50 day moving average is $18.66 and its 200 day moving average is $19.72. ACI Worldwide Inc. has a one year low of $15.07 and a one year high of $24.61. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.67 and a beta of 1.38.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $221.17 million. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. ACI Worldwide’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, equities analysts anticipate that ACI Worldwide Inc. will post $0.54 earnings per share for the current year.
A number of equities research analysts have recently weighed in on ACIW shares. Monness Crespi & Hardt started coverage on shares of ACI Worldwide in a research note on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price target on the stock. Zacks Investment Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 15th. Finally, TheStreet downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. ACI Worldwide currently has an average rating of “Hold” and an average target price of $23.75.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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