ACI Worldwide CEO Unloads $3,162,000 in Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) CEO Philip Heasley sold 50,000 shares of the stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $63.24, for a total transaction of $3,162,000.00. Following the transaction, the chief executive officer now directly owns 308,630 shares in the company, valued at approximately $19,517,761. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ACI Worldwide (NASDAQ:ACIW) last released its earnings data on Thursday, November 7th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.09. The company had revenue of $216.00 million for the quarter, compared to the consensus estimate of $217.57 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 38.0% on a year-over-year basis.
A number of research firms have recently commented on ACIW. Analysts at Zacks upgraded shares of ACI Worldwide from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 11th. They now have a $61.60 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of ACI Worldwide from $45.00 to $50.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock.
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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