Royce & Associates LP Cuts Position in ACI Worldwide, Inc. (ACIW)
Royce & Associates LP cut its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 9.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 622,383 shares of the technology company’s stock after selling 66,600 shares during the period. Royce & Associates LP owned about 0.53% of ACI Worldwide worth $13,923,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of ACIW. Quantbot Technologies LP purchased a new stake in shares of ACI Worldwide during the first quarter worth $170,000. LS Investment Advisors LLC boosted its stake in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the last quarter. Strs Ohio boosted its stake in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of ACI Worldwide during the first quarter worth $204,000. Finally, Trexquant Investment LP purchased a new stake in shares of ACI Worldwide during the first quarter worth $208,000.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at 22.76 on Friday. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.65. The firm has a market capitalization of $2.69 billion, a PE ratio of 105.37 and a beta of 1.32. The stock’s 50 day moving average price is $22.61 and its 200 day moving average price is $22.16.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. The company had revenue of $240.60 million during the quarter, compared to the consensus estimate of $225.87 million. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. Analysts expect that ACI Worldwide, Inc. will post $0.55 earnings per share for the current year.
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A number of brokerages have recently weighed in on ACIW. DA Davidson began coverage on ACI Worldwide in a research note on Thursday. They issued a “buy” rating and a $26.00 price objective for the company. BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet cut ACI Worldwide from a “b” rating to a “c+” rating in a research note on Friday, May 5th. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Monday, July 31st. Finally, ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.50.
In other news, CEO Philip G. Heasley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $21.32 per share, for a total transaction of $106,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total value of $463,800.00. Following the completion of the transaction, the director now owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The disclosure for this sale can be found here. 4.20% of the stock is owned by company 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. Its 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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