Insider Selling: ACI Worldwide CEO Sells 50,000 Shares of Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) CEO Philip Heasley sold 50,000 shares of ACI Worldwide stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $50.57, for a total value of $2,528,500.00. Following the completion of the sale, the chief executive officer now directly owns 308,630 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
ACIW has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of ACI Worldwide (NASDAQ:ACIW) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 30th. They now have a $47.80 price target on the stock.
ACI Worldwide (NASDAQ:ACIW) traded up 0.33% during mid-day trading on Friday, hitting $51.50. The stock had a trading volume of 246,297 shares. ACI Worldwide has a 52-week low of $37.97 and a 52-week high of $52.03. The stock’s 50-day moving average is $49.12 and its 200-day moving average is $46.93. The company has a market cap of $2.036 billion and a price-to-earnings ratio of 38.16.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.17. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $210.25 million. During the same quarter last year, the company posted $0.16 earnings per share. ACI Worldwide’s revenue was up 37.4% compared to the same quarter last year. Analysts expect that ACI Worldwide will post $2.09 EPS for the current fiscal year.
ACI Worldwide, Inc(NASDAQ:ACIW) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments.
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