First Analysis Comments on ACI Worldwide, Inc.’s Q3 2018 Earnings (ACIW)
ACI Worldwide, Inc. (NASDAQ:ACIW) – Equities researchers at First Analysis issued their Q3 2018 earnings per share estimates for ACI Worldwide in a report issued on Sunday. First Analysis analyst L. Berlin anticipates that the technology company will post earnings of $0.03 per share for the quarter.
Several other brokerages have also commented on ACIW. Zacks Investment Research lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. DA Davidson began coverage on ACI Worldwide in a research note on Thursday, August 31st. They set a “buy” rating and a $26.00 price target for the company. Finally, BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $26.00.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of ACI Worldwide by 0.4% in the second quarter. BlackRock Inc. now owns 12,035,561 shares of the technology company’s stock valued at $269,235,000 after buying an additional 44,692 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of ACI Worldwide by 1.7% in the second quarter. Vanguard Group Inc. now owns 9,780,252 shares of the technology company’s stock valued at $218,784,000 after buying an additional 161,582 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of ACI Worldwide by 1.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,335,585 shares of the technology company’s stock valued at $144,325,000 after buying an additional 68,306 shares in the last quarter. State Street Corp grew its stake in shares of ACI Worldwide by 3.9% in the second quarter. State Street Corp now owns 3,892,245 shares of the technology company’s stock valued at $87,069,000 after buying an additional 147,535 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of ACI Worldwide by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,896,885 shares of the technology company’s stock valued at $64,804,000 after buying an additional 97,182 shares in the last quarter.
In other news, Director James Mcgroddy sold 30,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the completion of the sale, the director now owns 88,896 shares in the company, valued at $2,050,830.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by company insiders.
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About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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