Scott W. Behrens Sells 35,555 Shares of ACI Worldwide Inc. (ACIW) Stock
ACI Worldwide Inc. (NASDAQ:ACIW) CFO Scott W. Behrens sold 35,555 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $19.22, for a total transaction of $683,367.10. Following the sale, the chief financial officer now directly owns 271,554 shares in the company, valued at $5,219,267.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ACI Worldwide Inc. (NASDAQ:ACIW) opened at 19.49 on Wednesday. The stock has a 50 day moving average of $18.71 and a 200 day moving average of $19.65. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 17.75 and a beta of 1.41. ACI Worldwide Inc. has a 12 month low of $15.07 and a 12 month high of $24.61.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.06. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The business earned $219.90 million during the quarter, compared to analyst estimates of $221.17 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue for the quarter was down 17.3% compared to the same quarter last year. Equities analysts anticipate that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
Several equities analysts have recently weighed in on ACIW shares. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, August 1st. Monness Crespi & Hardt started coverage on shares of ACI Worldwide in a research report on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.75.
A number of hedge funds have recently bought and sold shares of ACIW. LS Investment Advisors LLC increased its position in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock worth $137,000 after buying an additional 2,849 shares in the last quarter. Connable Office Inc. increased its position in ACI Worldwide by 6.8% in the first quarter. Connable Office Inc. now owns 10,400 shares of the company’s stock worth $216,000 after buying an additional 665 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in ACI Worldwide during the second quarter worth about $208,000. Penserra Capital Management LLC increased its position in ACI Worldwide by 15.1% in the second quarter. Penserra Capital Management LLC now owns 10,864 shares of the company’s stock worth $212,000 after buying an additional 1,423 shares in the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new position in ACI Worldwide during the first quarter worth about $229,000. 97.83% of the stock is owned by institutional investors and hedge funds.
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. 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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