Principal Financial Group Inc. increased its position in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 13.1% during the second quarter, Holdings Channel reports. The firm owned 444,717 shares of the company’s stock after buying an additional 51,536 shares during the period. Principal Financial Group Inc. owned 0.38% of ACI Worldwide worth $8,677,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. LS Investment Advisors LLC raised its position in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock worth $137,000 after buying an additional 2,849 shares during the period. Neuberger Berman Group LLC bought a new position in ACI Worldwide during the second quarter worth about $208,000. Penserra Capital Management LLC raised its position in ACI Worldwide by 15.1% in the second quarter. Penserra Capital Management LLC now owns 10,864 shares of the company’s stock worth $212,000 after buying an additional 1,423 shares during the period. Strs Ohio raised its position in 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. Finally, BB&T Corp bought a new position in ACI Worldwide during the second quarter worth about $248,000. Hedge funds and other institutional investors own 97.78% of the company’s stock.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) opened at 19.73 on Wednesday. ACI Worldwide Inc. has a one year low of $15.07 and a one year high of $24.61. The firm’s 50-day moving average price is $18.96 and its 200-day moving average price is $19.61. The stock has a market capitalization of $2.31 billion, a P/E ratio of 17.97 and a beta of 1.41.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the 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 quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. Equities research analysts anticipate that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, July 15th. TheStreet downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report 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 company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.75.
In other news, CFO Scott W. Behrens sold 35,555 shares of ACI Worldwide stock in a transaction 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 completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by 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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