ACI Worldwide Inc. (NASDAQ:ACIW) CFO Scott W. Behrens sold 35,555 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $19.22, for a total transaction of $683,367.10. Following the sale, the chief financial officer now directly owns 271,554 shares of the company’s stock, valued at approximately $5,219,267.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ACI Worldwide Inc. (NASDAQ:ACIW) opened at 19.21 on Monday. ACI Worldwide Inc. has a 52 week low of $15.07 and a 52 week high of $24.61. The company’s 50 day moving average price is $18.84 and its 200-day moving average price is $19.64. The company has a market capitalization of $2.25 billion, a P/E ratio of 17.50 and a beta of 1.41.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.06. The business earned $219.90 million during the quarter, compared to analyst estimates of $221.17 million. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. ACI Worldwide’s revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. Equities research analysts expect that ACI Worldwide Inc. will post $0.54 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, August 1st. Monness Crespi & Hardt assumed coverage on ACI Worldwide in a research note on Wednesday, June 15th. They set a “buy” rating and a $26.00 price objective for the company. Finally, TheStreet downgraded 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 assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.75.
A number of large investors have recently modified their holdings of the company. UBS Group AG increased its stake in shares of ACI Worldwide by 866.2% in the first quarter. UBS Group AG now owns 36,339 shares of the company’s stock valued at $755,000 after buying an additional 32,578 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new stake in shares of ACI Worldwide during the first quarter valued at $229,000. Palisade Capital Management LLC NJ increased its stake 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. TimesSquare Capital Management LLC increased its stake 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. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of ACI Worldwide during the first quarter valued at $968,000. 97.83% of the stock is owned by institutional investors and hedge funds.
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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