ACI Worldwide Inc. (NASDAQ:ACIW)’s share price traded down 2.2% during mid-day trading on Friday . The stock traded as low as $18.64 and last traded at $18.64, with a volume of 96,120 shares changing hands. The stock had previously closed at $19.05.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. TheStreet lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Monness Crespi & Hardt assumed coverage on ACI Worldwide in a report on Wednesday, June 15th. They issued a “buy” rating and a $26.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.75.

The stock has a market cap of $2.19 billion and a price-to-earnings ratio of 17.01. The company’s 50-day moving average is $19.38 and its 200-day moving average is $19.55.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ 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. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Analysts expect that ACI Worldwide Inc. will post $0.54 EPS for the current year.

In other ACI Worldwide news, CEO Philip G. Heasley sold 4,863 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $22.00, for a total value of $106,986.00. Following the completion of the sale, the chief executive officer now owns 1,389,266 shares of the company’s stock, valued at approximately $30,563,852. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas W. Warsop III sold 4,500 shares of ACI Worldwide stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $20.83, for a total transaction of $93,735.00. Following the completion of the sale, the director now directly owns 10,742 shares of the company’s stock, valued at approximately $223,755.86. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in ACI Worldwide stock. Bank of Montreal Can increased its position in ACI Worldwide Inc. (NASDAQ:ACIW) by 4,783.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,957 shares of the company’s stock after buying an additional 203,699 shares during the period. Bank of Montreal Can owned about 0.18% of ACI Worldwide worth $4,449,000 as of its most recent filing with the SEC.

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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