Insider Selling: ACI Worldwide Director Sells 264,000 Shares of Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) Director Harlan F. Seymour sold 264,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $18.50, for a total transaction of $4,884,000.00. Following the completion of the sale, the director now directly owns 85,539 shares in the company, valued at approximately $1,582,472. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of ACI Worldwide (NASDAQ:ACIW) opened at 18.705 on Monday. 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 $18.41 and its 200-day moving average is $18.97. The company has a market cap of $2.134 billion and a P/E ratio of 31.54.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly 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. Analysts expect that ACI Worldwide will post $0.78 EPS 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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