North Star Asset Management Inc. Boosts Position in ACI Worldwide Inc. (ACIW)
North Star Asset Management Inc. boosted its position in ACI Worldwide Inc. (NASDAQ:ACIW) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 699,908 shares of the company’s stock after buying an additional 23,945 shares during the period. ACI Worldwide makes up approximately 1.6% of North Star Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. North Star Asset Management Inc.’s holdings in ACI Worldwide were worth $13,655,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of ACIW. LS Investment Advisors LLC raised its stake 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 during the period. Huntington Asset Advisors Inc. purchased a new stake in ACI Worldwide during the first quarter worth $229,000. Strs Ohio raised its stake in ACI Worldwide by 6.8% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $243,000 after buying an additional 800 shares during the period. Aperio Group LLC raised its stake in ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the period. Finally, Capstone Asset Management Co. raised its stake in ACI Worldwide by 21.5% in the second quarter. Capstone Asset Management Co. now owns 16,467 shares of the company’s stock worth $321,000 after buying an additional 2,910 shares during the period. 97.83% of the stock is currently owned by institutional investors.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) traded down 1.28% during trading on Thursday, hitting $18.50. 97,377 shares of the stock were exchanged. ACI Worldwide Inc. has a one year low of $15.07 and a one year high of $24.61. The stock’s 50 day moving average price is $18.91 and its 200-day moving average price is $19.63. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 16.85 and a beta of 1.41.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 28th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.06. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $221.17 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. On average, analysts predict that ACI Worldwide Inc. will post $0.54 EPS for the current year.
A number of analysts 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 assumed coverage on shares of ACI Worldwide in a research report on Wednesday, June 15th. They set a “buy” rating and a $26.00 target price 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 stock. ACI Worldwide currently has a consensus rating of “Hold” and a consensus target price of $23.75.
In related news, CFO Scott W. Behrens sold 35,555 shares of ACI Worldwide stock in a transaction on Friday, September 30th. The shares were sold at an average price of $19.22, for a total value of $683,367.10. Following the completion of the sale, the chief financial officer now owns 271,554 shares in the company, valued at $5,219,267.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by corporate insiders.
About ACI Worldwide
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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