Tower Research Capital LLC TRC boosted its position in ACI Worldwide Inc. (NASDAQ:ACIW) by 7,662.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,256 shares of the company’s stock after buying an additional 11,111 shares during the period. Tower Research Capital LLC TRC’s holdings in ACI Worldwide were worth $219,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of ACIW. Norges Bank bought a new position in ACI Worldwide during the fourth quarter valued at approximately $31,612,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of ACI Worldwide by 20.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,956,752 shares of the company’s stock worth $116,216,000 after buying an additional 1,003,845 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of ACI Worldwide during the second quarter worth about $10,342,000. Bank of Montreal Can acquired a new stake in shares of ACI Worldwide during the second quarter worth about $5,106,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of ACI Worldwide by 26.5% in the second quarter. Ameriprise Financial Inc. now owns 733,475 shares of the company’s stock worth $14,312,000 after buying an additional 153,481 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) opened at 18.99 on Wednesday. ACI Worldwide Inc. has a 12 month low of $15.07 and a 12 month high of $24.61. The firm has a market cap of $2.23 billion, a P/E ratio of 17.30 and a beta of 1.38. The stock’s 50 day moving average is $18.66 and its 200 day moving average is $19.68.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $221.17 million. During the same period last year, the firm posted $0.23 earnings per share. ACI Worldwide’s quarterly revenue was down 17.3% on a year-over-year basis. Equities research analysts expect that ACI Worldwide Inc. will post $0.54 EPS for the current year.
ACIW has been the subject of a number of recent research reports. Monness Crespi & Hardt initiated coverage on shares of ACI Worldwide in a research report on Wednesday, June 15th. They issued a “buy” rating and a $26.00 target price for the company. Zacks Investment Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, TheStreet cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ACI Worldwide presently has a consensus rating of “Hold” and a consensus target price of $23.75.
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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