ACI Worldwide Inc. (NASDAQ:ACIW) fell 2.2% on Friday . The company 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.

A number of research firms recently weighed in on ACIW. Zacks Investment Research cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. TheStreet cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Monness Crespi & Hardt assumed coverage on ACI Worldwide in a research report on Wednesday, June 15th. They set a “buy” rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.75.

The firm has a 50-day moving average of $19.30 and a 200-day moving average of $19.56. The stock has a market cap of $2.19 billion and a PE ratio of 17.01.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company earned $219.90 million during the quarter, compared to the consensus estimate of $221.17 million. The firm’s revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that ACI Worldwide Inc. will post $0.54 earnings per share for the current fiscal year.

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

An institutional investor recently raised its position in ACI Worldwide stock. Bank of Montreal Can increased its stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 4,783.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC filing.

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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