ACI Worldwide Inc (ACIW) Stake Lowered by Federated Investors Inc. PA
Federated Investors Inc. PA decreased its position in ACI Worldwide Inc (NASDAQ:ACIW) by 36.2% during the fourth quarter, Holdings Channel reports. The fund owned 40,643 shares of the company’s stock after selling 23,036 shares during the period. Federated Investors Inc. PA’s holdings in ACI Worldwide were worth $738,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Treasurer State of Michigan raised its position in ACI Worldwide by 0.9% in the third quarter. State Treasurer State of Michigan now owns 47,150 shares of the company’s stock worth $914,000 after buying an additional 400 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in ACI Worldwide during the third quarter worth $498,000. OLD National Bancorp IN acquired a new position in ACI Worldwide during the third quarter worth $245,000. Mutual of America Capital Management LLC raised its position in ACI Worldwide by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 86,680 shares of the company’s stock worth $1,680,000 after buying an additional 2,121 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in ACI Worldwide by 1.7% in the third quarter. Wells Fargo & Company MN now owns 800,954 shares of the company’s stock worth $15,523,000 after buying an additional 13,293 shares during the last quarter. 99.96% of the stock is currently owned by institutional investors and hedge funds.
ACI Worldwide Inc (NASDAQ:ACIW) opened at 22.45 on Tuesday. ACI Worldwide Inc has a 12-month low of $15.11 and a 12-month high of $22.95. The company’s 50 day moving average price is $20.49 and its 200-day moving average price is $19.23. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 20.60 and a beta of 1.48.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, March 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company earned $343 million during the quarter, compared to analysts’ expectations of $312.20 million. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, equities analysts anticipate that ACI Worldwide Inc will post $0.44 earnings per share for the current fiscal year.
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A number of research analysts recently weighed in on the company. Avondale Partners lowered ACI Worldwide from a “market outperform” rating to a “market perform” rating in a report on Friday, March 3rd. TheStreet raised ACI Worldwide from a “c+” rating to a “b” rating in a report on Thursday, March 16th. Zacks Investment Research raised ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Finally, Raymond James Financial, Inc. raised ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.67.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 30,000 shares of ACI Worldwide stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the transaction, the director now owns 80,829 shares in the company, valued at $1,778,238. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.
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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