Several other research firms have also issued reports on ACIW. Avondale Partners lowered ACI Worldwide from a market outperform rating to a market perform rating in a research report on Friday, March 3rd. Zacks Investment Research upgraded ACI Worldwide from a sell rating to a hold rating in a research report on Wednesday, March 15th. Finally, Raymond James Financial, Inc. upgraded ACI Worldwide from an underperform rating to an outperform rating and set a $25.00 price objective on the stock in a research report on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $23.67.
Shares of ACI Worldwide (NASDAQ:ACIW) traded down 0.83% during trading on Thursday, hitting $22.59. The stock had a trading volume of 36,111 shares. The firm has a 50 day moving average price of $20.49 and a 200-day moving average price of $19.23. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.72 and a beta of 1.48. ACI Worldwide has a 52 week low of $15.11 and a 52 week high of $22.95.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, March 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The business had revenue of $343 million for the quarter, compared to analyst estimates of $312.20 million. During the same period last year, the company earned $0.40 EPS. ACI Worldwide’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that ACI Worldwide will post $0.44 EPS for the current fiscal year.
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In other news, Director John M. Shay, Jr. sold 30,000 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $22.00, for a total value of $660,000.00. Following the sale, the director now directly owns 80,829 shares in the company, valued at approximately $1,778,238. The sale was disclosed in a filing with the SEC, which is available through this link. 4.10% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. State Treasurer State of Michigan raised its stake in shares of ACI Worldwide by 0.9% in the third quarter. State Treasurer State of Michigan now owns 47,150 shares of the company’s stock worth $914,000 after buying an additional 400 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of ACI Worldwide during the third quarter worth $498,000. OLD National Bancorp IN acquired a new stake in shares of ACI Worldwide during the third quarter worth $245,000. Mutual of America Capital Management LLC raised its stake in shares of ACI Worldwide by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 86,680 shares of the company’s stock worth $1,680,000 after buying an additional 2,121 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of ACI Worldwide by 1.7% in the third quarter. Wells Fargo & Company MN now owns 800,954 shares of the company’s stock worth $15,523,000 after buying an additional 13,293 shares in the last quarter. Hedge funds and other institutional investors own 99.96% of the company’s stock.
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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