ACI Worldwide, Inc. (ACIW) to Post Q4 2017 Earnings of $0.49 Per Share, First Analysis Forecasts
ACI Worldwide, Inc. (NASDAQ:ACIW) – Research analysts at First Analysis issued their Q4 2017 earnings estimates for ACI Worldwide in a research report issued on Sunday. First Analysis analyst L. Berlin expects that the technology company will post earnings per share of $0.49 for the quarter. First Analysis also issued estimates for ACI Worldwide’s Q1 2018 earnings at $0.01 EPS and Q2 2018 earnings at $0.02 EPS.
Several other analysts have also issued reports on ACIW. Zacks Investment Research lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, DA Davidson began coverage on ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.
In other ACI Worldwide news, Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value of $692,100.00. Following the sale, the director now directly owns 88,896 shares in the company, valued at $2,050,830.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. Teachers Advisors LLC raised its stake in shares of ACI Worldwide by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 197,864 shares of the technology company’s stock valued at $4,232,000 after purchasing an additional 3,500 shares during the period. Capstone Asset Management Co. raised its stake in shares of ACI Worldwide by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock valued at $232,000 after purchasing an additional 70 shares during the period. Aperio Group LLC raised its stake in shares of ACI Worldwide by 39.2% during the 2nd quarter. Aperio Group LLC now owns 40,498 shares of the technology company’s stock valued at $906,000 after purchasing an additional 11,401 shares during the period. State Treasurer State of Michigan raised its stake in shares of ACI Worldwide by 2.1% during the 2nd quarter. State Treasurer State of Michigan now owns 48,650 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 1,000 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of ACI Worldwide by 7.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 558,301 shares of the technology company’s stock valued at $12,489,000 after purchasing an additional 40,179 shares during the period.
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ACI Worldwide Company Profile
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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