Nicolet Bankshares Inc. cut its position in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,900 shares of the company’s stock after selling 600 shares during the period. Nicolet Bankshares Inc.’s holdings in ACI Worldwide were worth $271,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in ACIW. Moody Aldrich Partners LLC bought a new position in shares of ACI Worldwide during the second quarter worth $1,375,000. Boston Advisors LLC raised its position in shares of ACI Worldwide by 0.6% in the second quarter. Boston Advisors LLC now owns 24,741 shares of the company’s stock worth $483,000 after buying an additional 140 shares during the period. Strs Ohio raised its position in shares of ACI Worldwide by 6.8% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $243,000 after buying an additional 800 shares during the period. Princeton Capital Management Inc. bought a new position in shares of ACI Worldwide during the second quarter worth $521,000. Finally, Bank of Montreal Can bought a new position in shares of ACI Worldwide during the second quarter worth $5,106,000. Institutional investors own 97.83% of the company’s stock.
ACI Worldwide Inc. (NASDAQ:ACIW) traded up 2.87% during midday trading on Friday, reaching $19.00. 717,888 shares of the company traded hands. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 17.30 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. The firm has a 50 day moving average of $18.90 and a 200-day moving average of $19.62.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company earned $219.90 million during the quarter, compared to analyst estimates of $221.17 million. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts forecast that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.75.
In other ACI Worldwide news, CFO Scott W. Behrens sold 35,555 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $19.22, for a total value of $683,367.10. Following the transaction, the chief financial officer now owns 271,554 shares in the company, valued at approximately $5,219,267.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by company insiders.
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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