Moody Aldrich Partners LLC bought a new stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) during the second quarter, Holdings Channel reports. The institutional investor bought 70,480 shares of the company’s stock, valued at approximately $1,375,000.
Several other institutional investors have also recently bought and sold shares of the stock. Palisade Capital Management LLC NJ increased its position in 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 during the last quarter. TimesSquare Capital Management LLC increased its position in 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 during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in ACI Worldwide during the first quarter valued at approximately $968,000. JPMorgan Chase & Co. increased its position in ACI Worldwide by 16.1% in the first quarter. JPMorgan Chase & Co. now owns 220,307 shares of the company’s stock valued at $4,580,000 after buying an additional 30,475 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in ACI Worldwide by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,388,903 shares of the company’s stock valued at $70,455,000 after buying an additional 30,654 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) traded down 0.16% during midday trading on Friday, reaching $18.94. The company had a trading volume of 346,648 shares. The firm has a market capitalization of $2.22 billion, a P/E ratio of 17.25 and a beta of 1.38. ACI Worldwide Inc. has a one year low of $15.07 and a one year high of $24.61. The company has a 50 day moving average price of $18.65 and a 200-day moving average price of $19.70.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results 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. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $221.17 million. During the same period in the prior year, the business earned $0.23 EPS. ACI Worldwide’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, analysts anticipate that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
Several research firms have recently commented on ACIW. 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 target price on the stock. TheStreet downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company 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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