ACI Worldwide Director Unloads $4,884,000 in Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) Director Harlan F. Seymour unloaded 264,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $18.50, for a total transaction of $4,884,000.00. Following the sale, the director now directly owns 85,539 shares in the company, valued at approximately $1,582,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up 0.62% on Thursday, hitting $18.58. 360,244 shares of the company’s stock traded hands. ACI Worldwide has a 1-year low of $15.93 and a 1-year high of $21.98. The stock’s 50-day moving average is $18.39 and its 200-day moving average is $18.98. The company has a market cap of $2.120 billion and a P/E ratio of 31.35.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.14 earnings per share. ACI Worldwide’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that ACI Worldwide will post $0.77 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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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