Boston Advisors LLC raised its stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 24,741 shares of the company’s stock after buying an additional 140 shares during the period. Boston Advisors LLC’s holdings in ACI Worldwide were worth $483,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ACIW. Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter valued at about $31,612,000. Bank of Montreal Can acquired a new position in shares of ACI Worldwide during the second quarter valued at about $5,106,000. TimesSquare Capital Management LLC raised its position in shares of ACI Worldwide by 7.2% in the first quarter. TimesSquare Capital Management LLC now owns 2,014,250 shares of the company’s stock valued at $41,876,000 after buying an additional 135,250 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in shares of ACI Worldwide by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 758,928 shares of the company’s stock valued at $15,778,000 after buying an additional 72,720 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ACI Worldwide by 259.3% in the first quarter. Renaissance Technologies LLC now owns 77,733 shares of the company’s stock valued at $1,616,000 after buying an additional 56,100 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.
ACI Worldwide Inc. (NASDAQ:ACIW) traded up 0.62% during trading on Wednesday, reaching $19.61. The company’s stock had a trading volume of 343,487 shares. The company’s 50-day moving average is $18.75 and its 200-day moving average is $19.65. The stock has a market cap of $2.30 billion, a PE ratio of 17.86 and a beta of 1.41. ACI Worldwide Inc. has a 12 month low of $15.07 and a 12 month high of $24.61.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 28th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.06. The firm earned $219.90 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.23 earnings per share. Equities analysts expect that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
Several equities analysts recently issued reports on ACIW shares. Zacks Investment Research lowered ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 15th. TheStreet lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Monness Crespi & Hardt started coverage on ACI Worldwide in a research report on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.75.
In other ACI Worldwide news, CFO Scott W. Behrens sold 35,555 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $19.22, for a total value of $683,367.10. Following the completion of the transaction, the chief financial officer now directly owns 271,554 shares in the company, valued at $5,219,267.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by company insiders.
ACI Worldwide Company Profile
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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