Insider Selling: John E. Stokely Unloads 204,000 Shares of ACI Worldwide Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) Director John E. Stokely unloaded 204,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $18.44, for a total transaction of $3,761,760.00. Following the transaction, the director now directly owns 31,539 shares in the company, valued at approximately $581,579. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ACI Worldwide (NASDAQ:ACIW) traded up 2.07% during mid-day trading on Monday, hitting $18.995. 723,374 shares of the company’s stock traded hands. ACI Worldwide has a 52-week low of $15.93 and a 52-week high of $21.98. The stock’s 50-day moving average is $18.39 and its 200-day moving average is $19.02. The company has a market cap of $2.167 billion and a P/E ratio of 31.60.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.07. The company had revenue of $255.00 million for the quarter, compared to the consensus estimate of $247.80 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that ACI Worldwide will post $0.77 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ACIW shares. Analysts at Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 1st. Analysts at BMO Capital Markets initiated coverage on shares of ACI Worldwide in a research note on Wednesday, July 16th. They set an “outperform” rating and a $22.00 price target 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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