BlackRock Inc. lifted its stake in ACI Worldwide Inc (NASDAQ:ACIW) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,041,124 shares of the technology company’s stock after acquiring an additional 610,052 shares during the period. BlackRock Inc. owned approximately 11.27% of ACI Worldwide worth $321,724,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Cowen Prime Services LLC purchased a new stake in shares of ACI Worldwide in the second quarter worth $123,000. Horrell Capital Management Inc. purchased a new stake in shares of ACI Worldwide in the second quarter worth $129,000. Eqis Capital Management Inc. purchased a new stake in shares of ACI Worldwide in the second quarter worth $325,000. Trexquant Investment LP purchased a new stake in shares of ACI Worldwide in the first quarter worth $404,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of ACI Worldwide by 44.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 17,440 shares of the technology company’s stock worth $414,000 after buying an additional 5,379 shares in the last quarter.
ACIW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. BidaskClub downgraded ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 18th. ValuEngine upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Finally, Credit Suisse Group increased their price objective on ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. ACI Worldwide has a consensus rating of “Buy” and an average target price of $29.00.
NASDAQ ACIW opened at $28.93 on Friday. ACI Worldwide Inc has a twelve month low of $20.23 and a twelve month high of $28.98. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.70. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.84 and a beta of 1.29.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). ACI Worldwide had a net margin of 0.26% and a return on equity of 6.30%. The firm had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $232.23 million. During the same quarter in the previous year, the business earned ($0.25) EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. analysts predict that ACI Worldwide Inc will post 0.62 EPS for the current fiscal year.
In other ACI Worldwide news, Director Adalio T. Sanchez sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $26.95, for a total transaction of $215,600.00. Following the sale, the director now owns 41,897 shares in the company, valued at $1,129,124.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip G. Heasley sold 21,667 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $28.00, for a total value of $606,676.00. The disclosure for this sale can be found here. Insiders have sold 33,767 shares of company stock worth $937,076 in the last 90 days. Company insiders own 4.42% of the company’s stock.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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