ACI Worldwide Inc. (ACIW) Sees Large Volume Increase
ACI Worldwide Inc. (NASDAQ:ACIW) saw an uptick in trading volume on Thursday . 1,070,615 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 429,035 shares.The stock last traded at $19.85 and had previously closed at $19.63.
A number of research firms recently weighed in on ACIW. TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Finally, Monness Crespi & Hardt began coverage on shares of ACI Worldwide in a research note on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.75.
The stock has a market capitalization of $2.29 billion and a PE ratio of 17.93. The company’s 50-day moving average is $19.84 and its 200 day moving average is $19.55.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.06. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $221.17 million. During the same quarter last year, the business posted $0.23 EPS. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. On average, analysts anticipate that ACI Worldwide Inc. will post $0.60 earnings per share for the current year.
In related news, Director Thomas W. Warsop III sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $20.83, for a total transaction of $93,735.00. Following the transaction, the director now owns 10,742 shares in the company, valued at $223,755.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Philip G. Heasley sold 73,864 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $20.28, for a total transaction of $1,497,961.92. Following the transaction, the chief executive officer now owns 1,415,359 shares in the company, valued at approximately $28,703,480.52. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently modified their holdings of the stock. GSA Capital Partners LLP increased its position in shares of ACI Worldwide by 66.6% in the fourth quarter. GSA Capital Partners LLP now owns 63,537 shares of the company’s stock worth $1,360,000 after buying an additional 25,402 shares during the period. Bank of Montreal Can increased its position in shares of ACI Worldwide by 4,783.9% in the fourth quarter. Bank of Montreal Can now owns 207,957 shares of the company’s stock worth $4,449,000 after buying an additional 203,699 shares during the period. Principal Financial Group Inc. increased its position in shares of ACI Worldwide by 5.5% in the fourth quarter. Principal Financial Group Inc. now owns 380,492 shares of the company’s stock worth $8,142,000 after buying an additional 19,776 shares during the period. Fiduciary Management Associates LLC increased its position in shares of ACI Worldwide by 7.6% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,105,696 shares of the company’s stock worth $23,662,000 after buying an additional 78,155 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of ACI Worldwide by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,392,198 shares of the company’s stock worth $51,195,000 after buying an additional 23,732 shares during the period.
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. These 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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