Insider Selling: John D. Curtis Sells 17,525 Shares of ACI Worldwide Stock (ACIW)
ACI Worldwide (NASDAQ:ACIW) Director John D. Curtis sold 17,525 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $19.16, for a total value of $335,779.00. Following the completion of the transaction, the director now directly owns 26,014 shares of the company’s stock, valued at approximately $498,428. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 (NASDAQ:ACIW) traded up 2.36% on Tuesday, hitting $19.55. The stock had a trading volume of 415,768 shares. ACI Worldwide has a 52-week low of $15.93 and a 52-week high of $21.98. The stock has a 50-day moving average of $18.4 and a 200-day moving average of $18.93. The company has a market cap of $2.230 billion and a price-to-earnings ratio of 32.43.
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 $0.76 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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