ACI Worldwide, Inc. (ACIW) Stake Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,896,885 shares of the technology company’s stock after purchasing an additional 97,182 shares during the quarter. Dimensional Fund Advisors LP owned 2.45% of ACI Worldwide worth $64,804,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of ACIW. Riverhead Capital Management LLC grew its holdings in shares of ACI Worldwide by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,357 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in ACI Worldwide in the first quarter worth approximately $204,000. LS Investment Advisors LLC boosted its stake in ACI Worldwide by 17.4% in the second quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock worth $211,000 after buying an additional 1,397 shares in the last quarter. Strs Ohio boosted its stake in ACI Worldwide by 17.3% in the second quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock worth $212,000 after buying an additional 1,400 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in ACI Worldwide by 0.7% in the second quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock worth $232,000 after buying an additional 70 shares in the last quarter.
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In other news, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction that occurred on 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 in the company, valued at approximately $1,899,168.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Philip G. Heasley bought 5,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $21.32 per share, with a total value of $106,600.00. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.
Shares of ACI Worldwide, Inc. (ACIW) opened at 24.02 on Friday. The firm has a 50-day moving average price of $22.94 and a 200 day moving average price of $22.55. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 111.20 and a beta of 1.34. ACI Worldwide, Inc. has a 52 week low of $15.11 and a 52 week high of $24.65.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.11. The firm had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $225.87 million. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. On average, analysts forecast that ACI Worldwide, Inc. will post $0.52 EPS for the current fiscal year.
Several analysts have issued reports on ACIW shares. BidaskClub lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. 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, DA Davidson started coverage on ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $25.50.
ACI Worldwide 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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